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Indian Stocks: Does “Extraordinary Rally” Have Much Oomph Left?

by Mark Galasiewski
Updated: January 13, 2021

You've probably heard the old adage, "Buy when there is blood in the streets."

Except, it takes a lot of bravery to follow it.

One approach that may help you muster the courage is Elliott waves. There are lots of times when the market's wave structure suggests taking a position "against the crowd" -- or, put another way, be a contrarian.

Prime examples are market tops and bottoms -- like the pandemic's first-wave market lows last March.

Since then, India's Nifty stock index has been one of the global rally leaders -- up as much as 80%.

Watch our Global Market Perspective contributor (who went on record last April with a bullish call for Asia) give you an important sentiment update.

Free, watch now

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