B³ - Big Bull Is Back😊😊

 

The Bull run is around the corner to arrive by; once we get sucessful close above 13400, says Illogical Trader

Updated : November 18, 2020 11:20 PM IST

Illogical Trader believes one can expect the Big Bull is Back and the start of run is  tentatively by Q4.

The way midcaps and smallcaps have started to outperform the largecaps, which is a strong pre-requisite for any bull run.

With the steady reopening of the Indian economy, development on the vaccine front and the recent the US elections 2020, I feel that Big Bull is Back.

This run will be extremely fast and furious where many analyst will hesitate to buy stocks and index. Where the feeling of left over and the desperate need of correction will take market further up.

Such a similar trend was seen in past when the Nifty50 index traded in an uptrend after making a low level.

The midcaps and smallcaps have also started to outperform the large-caps, which is a strong pre-requisite for any bull run.

Looking at the previous data, I believe believes that the Big Bull is Back and the run will start with Nifty50 levels at 13200-13500. Tentatively, this could take place Q4 and will last till 2023-24.

"One can keep a conservative scenario at 15000-16500 Nifty levels, and the best-case scenario at 18000-22000,".

Happy Investing.

"Accha Company Saste mein Nahi Milta!"   

 - Illogical Trader
(NIMESH DHULLA)