A few days back, we did say we are bullish on Nikkei and Russell and we think it might have hit the bottom and our buying zone. Russell buying zone is 1050-1080. Nikkei futures buying zone is 13500-14000. Both hit our buying zone recently and rebounded.
Article on Friday, 16th May:
Though it has not gone up much, we continue to be bullish on these 2 major indices. This to us is a great opportunity! Not a lot of indices have dropped recently. Emerging market indices are at a high. Same is US DOW and S&P500. Still hovering near the high.
We got Nasdaq right on the spot at 16th april when we ask everybody to look at nasdaq at 3950
Now it has gone up almost 200 points at 4130.
We think it still has room to go up still.
But our eyes are focused on Nikkei and Russell, as it is badly sold down.