All the key levels are mentioned in chart with Stop-loss and Targets
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
As I explained in last week we will get a small correction, Nifty already showed some of it.
Lot of people asking me is this right time to short? I just answered NO. It require lot of analysis to come to a conclusion.
So my advice for this week is Buying the dip.
I will go with the same option 1 BUYing opportunity.
Two weeks back on week 16 commentary (check below), I warned there will be JERK with not so big reason. I thought the crash would come last week, but it came weak after. LOT of people still in mesmerizing state of mind what to do, only traders with lot of experience can able to absorb the shock and able to take the next trade.
Ok what is now on the...
What an amazing last week, it is almost kind of roller costar ride for the intraday players.
Nifty is going to corner of the upward triangle. So CAUTION is advised.
THERE is a possibility of JERK (like one day correction) before big rally. It is like shaking of the tree, weak hands will loose the grip and fall down. MARKET always do this to...
NIFTY sustained above 13000, so do we see bubble rally?
Not yet we have uptrend resistance line is there, once brake of this uptrend blue line, WILL give us beautiful rally. I AM EAGERLY WAITING FOR THAT RALLY.
it is like once in decade opportunity.
so this week I will go with option 2 BUY HOLD
Your humble trader
If you liked my...
Nifty is facing stiff resistance at 13150-13250 range. This consolidation is needed before brakeout.
THIS IS LIKE CALMNESS BEFORE STROAM.
MY option for this week is same as last week.
I will go for the option 2. BUY hold.
TRADING ADVICE : avoiding BIG losses makes your trading carrier success. The reason for big losses from my personal...
Last week I gave the option Buy hold strategy and it worked beautifully hitting the target of 12950 to 13000 range.
It seems to me market is preparing for bubble rally.
You can ask me " what is bubble rally"?
BUBBLE RALLY: you cant predict the nature and targets, it is parabolic move.......... this is the time FOR people TO make BIG profit or...
Nifty can change the trend any time sooner.
not at all a good idea to be bullish...it can rally a bit further but the correction will be very sharp...
symptoms :when the nifty move Sideways its time to close the long position and get ready for the Short. The fall may or may not be crash...depends on the DOW JONES
It is like a roller coaster ride for nifty in last few weeks. Nifty making huge swings in both directions.
Now it is at decision point. If it hold the pink of blue trend line then it is buying opportunity otherwise if it brakes it is selling opportunity.
I will vote for buying opportunity with stoploss just below the trend lines on closing basis....
What a amazing last week. Nifty gave 5% return in one week. It broke the long term down trend line with ease. it is very very bullish sign.
I gave the stop loss for shorts last week which is 11525 . Now my view is changed from bearish to bullish.
Remember a trader must change according to market conditions.
AGILITY IS THE KEY, ADOPTING NEW...
Last week I started the commentary with five conditions, they are listed below.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
We might be in the middle of trend reversal.
So, here both bulls and bears should take care.
If NIFTY cannot able to close above the red trend line then it signals...