Market Outlook 2019

Market is move like pendulum. 

In 2017 - market give outperforming by 30%, 

Last year 2018 - range bound to negative, 

This year 2019 market may be negative for first half then start give upward move

In my last learning,(Link) we was already predicated that market is near to top in 10 Sept. month, From there within 40 days  - 

Nifty lose 1500 points from 11500  to 10000 and 

Sensex lose nearly 5000 points from 38300 to 33300 

This year Mega event is Election for Indian Central Government,

My assumption for nifty is now 10800, nifty is making Head and Shoulder,this make and break depend on this conclusion of this event.

1.      Market is in range bound range 10000-11200 and make base at 10000, so this call time correction
2.     Market move negative side first target is again 10000 and second target 82xx, so this called price correction. that shown in below figure

Nifty weekly Chart

Underperforming Sector

Banking, Auto, FMCG

Inline Sector

IT, Pharma

Outperforming Sector

Liquors, Chemical, Consumption Durable, New Theme (Like ethanol)