Ambareesh Baliga, COO at Way2wealth Presents his views on Nifty & Share Market in India

Ambareesh Baliga, COO at Way2wealth Views on Stock Market in India

Ambareesh Baliga says that as of now they have not really advised people to go short now, but then they have also been telling people that it is time to step back and wait and watch because all through the last few months we have been saying that any major downtick day is a day to buy and book out to a certain extent when you see a bounce back.

But once Nifty broke those 5000 level decisively, we were clear that it is time to just stay out and watch because the situation has been quite fluent. Our view is that possibly 4700-4750 could hold for the markets, but incase we break that then we could see a sharp cut.

We are of the view that if the level of Nifty 4700 is broken at NSE,than a real panic will set in the market which can take Nifty to 4500-4300-4100 levels. Do remember to keep on visiting our website to get to know latest NSE tips and make money like a professional at National stock exchange and Bombay stock exchange.

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