A long back I had written a small post on markets future direction once it breaks out of Jan month's high during the year. If you have not read it, please spend some time and understand it first by by
Clicking here to read it.
This week Nifty has done the same and it prompted me to write this post. Here is the daily chart,
The break out looks very good and promising. It seems clear now that for rest of the year 2016 the likely direction is up for the Nifty. So if you are holding mutual funds or good company shares and you are thinking about booking profits in very near future, don't do that mistake. Continue to hold your investment at least until end of this year. Hopefully Nifty will see much higher levels in year 2016.