Nifty update May 31

Hey guys was kinda buys since past few weeks and didn’t have enough time to update this site.

Now that elections are out of the way, Nifty and its stocks are way over valued. It would be foolish to buy large when Nifty PE is hovering around at 30.

Nifty pivot is around 11,590 and as long as this holds look for 12,300 break of this would take Nifty to 11,250.

I still don’t have any recommendations, as I think stock market is over valued right now and no amount of optimism can change my mind.

Today being weekend you can request trends of any stocks in the comments section.

5 thoughts on “Nifty update May 31

    1. AA has a very strong pivot at 21 which has not been broken since 5 years, expect reversal from 21 to 24, however a break or close below 21 can take it to a all-time low of 15.

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