Phoenix085

NIFTY WAY FORWARD

Short
Phoenix085 Updated   
NSE:NIFTY   Nifty 50 Index
i WILL NOT BE SURPRISED IF NIFTY "OPENS" WAYYYYY BELOW 10550 TOMORROW(9TH JULY 2020)...

THERE IS GOING TO BE PANIC SELLING IN THE NEAR TERM AND THE VOLATILITY WOULD DEFINITELY SCARE THE SHEESH KABAB OUTTA MOST AND FORCE EVEN THE BRAVEST OF HEARTS TO RUN LIKE FORREST AWAY FROM THE MARKET TO PROTECT THEIR PROFITS...
Trade active:
Untill 10400 is not breached do not go SHORT...

The market runs and then takes a break, then continues running and then takes another break...

This is the time in market when all your technical knowledge can actually give you an EDGE...

This is the 80:20(i.e., ( Fundamental/Investing : Technical/Trading )
The period in time when 20% will yield 80% returns on your capital...
Trade active:
I think the market will run some more... (actually to trap the retailers)...

The market @ this point in time is definitely OVERVALUED but there seems to be some more JUICE left for a rally untill 11400 - 11600...

This is no indication/recommendation to go short at these levels... Wait till you get a BEARISH confirmation before committing...
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