NSE All-Share Index BreakOut – Time to Buy
The NSE All-Share Index has finally cleared the 35, 908 resistance to close yesterday’s trading session at 36, 239, up by 2%+. This is no doubt the emergence of another uptrend that could push the index to 40,000 basis point.
Now is the time to start buying fundamentally sound stocks that are not only oversold but offers juicy dividend yield. These are stocks that will attract the highest trading volume as we wrap up 2020.
I consider dividend yield of 10% and above attractive for income investors, so pay attention to stocks that are benefiting from CBN policies and are poised to report good numbers in their next quarterly, half or full year result.
Watch my video updates for a brief analysis of this breakout.
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