Stay Long or be wrong!

The current trend for the Nifty is UP. There is no point fighting the trend. Most of the retail investors or fund/wealth managers i interact with are convinced of a crash. So they are sitting on the sidelines or the more aggressive ones are short. No one can rule out a crash and i personally feel a correction will happen after Nifty reaches the 5500-6000 territory but it is best to let the market tell us that.

the Nifty has tested 5000 yesterday. If it closes above 5000 convincingly next week there will be euphoria. Retail who has been left out of the rally will throw their towels and jump in. The climb from 5000-5500 may be very swift.

As of now the trend is UP - so the current motto is Stay Long or be wrong.