NIFTY PHARMA INDEX IS ABOUT TO BREAK OUT

I believe you and your family are in great health and are happy. I am operating overtime to upgrade my skills and I sincerely recommend you do the same.

Now let’s discuss Intelligent Investment.

Nifty Pharma is exhibiting clear trends of an upswing, most of the news channel and advisors following the news, have already advised buying Pharma Stocks.

What are we waiting for?

Well, we are waiting for the pharma index to break out of the most powerful resistance that has exterminated all the attempts by this sector to break out for many years.

Currently, as we can see in the charts, it is very close to breaking out (9150 ). However, before you get overstimulated, let me highlight this index has made similar attempts five times in the last six years.

Hence before we invest, we should wait for the Index to break out and sustain.

What should I buy, if there is a breakout?

That depends on what kind of an investor you are.

If you are a Mutual fund investor, you can buy the below-mentioned funds, if you are direct equity investor, you should buy the below-mentioned stocks.

Mutual Fund:

Source: ET Money

Nifty Pharma Stocks:

Source: NSEIndia

Please remember, this article is only for educational purpose, contact a good financial advisor before you make any move.

Happy Investing,

Let’s keep things simple.