Goldman Sachs Nifty ETF (the best ETF for Nifty investments in India) has been moving is a reliable envelope for last 2 years. Current downside during year 2014 is 575, which would coincide with Nifty 5700. Upside band is at 675, which would coincide with Nifty 6700. That’s the 1000 point range for Nifty in year 2014. A visit to 5700 can happen by end-March 2014. There further downside targets till Nifty 5400, which may also materialize in case of sudden market sell-off. Therefore, Nifty investors must remain cautious, holding adequate Put options till June-July to protect long positions, which in turn should payoff in later part of 2014.
The Alpha Investment Newsletter sees 13% downside in the S&P 500 Index in the near term, which is 230 points downside from current 1800 level to 1570 level. This note is to help investors preserve their profits if they act in time.
New York, Dec 03, 2013 — Note to Investors: The S&P 500 Index has been around the critical level of 1800 for last two weeks, and based on the index price movement and volume behavior, the rally seems to be stalling and with high probability of reversal and profit-booking wave in the near term.
The Alpha Investment Newsletter sees 13% downside correction in the S&P 500 Index in the near term, which is 230 points downside from current 1800 level to 1570 level. The downside could extend further to 1480 if news flow gets particularly bad. This correction may unfold in Q1 2014 during Jan-Feb period, triggered by fresh political deadlocks in the USA, and unwinding of overleveraged positions, which are at all time high currently. There is a chance that this correction may even start within December 2013 anticipating such problems in Jan-Feb 2014. Continue reading Alpha Investment Newsletter sees 13% downside in the S&P 500 Index in the Near Term→
