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As an Editorial Consultant for BW Businessworld, Aniruddha writes independently on investor awareness, correct financial planning & investing practices and the impact of regulatory developments on the personal finance ecosystem. He holds an MBA with distinction from Oxford.
Bear in mind that we continue to be in a buy on dips market, and large retracements should be used as entry opportunities, not the other way around.
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Read MoreEquity Mutual Fund investors would be making a smart move by shifting 50%-60% of their portfolios to debt funds at current levels.
Read MoreOnce rationality sets in, we are quite likely to witness an 800-1000 point retracement in the index in a short span of time.
Read MoreAs anticipated, the NIFTY found strong support in the 11,300-11500 band, and made an immediate and powerful rebound as soon as it entered this zone.
Read More...till the index hits the middle Bollinger Band which seems to be forming around the 11,300 mark.
Read MoreStrong resistance appears to have formed at the 12,000 mark. The next support is at 11,600 with a very strong L2 support at 11,000.
Read MoreThe immediate upside certainly remains capped in the near term as a confluence of global and local factors will dictate short term sentiment. However, short selling is ill advised right now as it is expected that corrections will be followed by rallies that will take the index to higher highs in the medium term.
Read MoreResistance could be seen at 12,100 and support at 11,400 and a strong support at 11,000, in the near term.
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