Bank Nifty for July 26th
Hi All,
What a market today, movement on both sides and finally a BIG DOJI. As updated yesterday, market respected our level of 36454 on the downside.
NOTE: All the views provided here are as per my understanding and Analysis, please do your own analysis before taking any trades, as usual Profit is yours loss is also yours.
MY VIEW for TOMORROW:
1. HUGE GAPUP or HUGE GAPDOWN: I am NOT Interested in taking any TRADES tomorrow, I will sit and relax, will follow my own HEDGING Strategy which will have small loss or small profit, because unnecessarily we will get panic in these 2 scenarios and will do lot of wrong trades which I want to avoid.
2. Flat opening: Market has to decisively break 37012 on the upside or 36454 on the downside, otherwise it will be a day of Option Sellers, premium erosion will happen as markets can be sideways to volatile between these 2 points.
Quote of the Day: There is no TRADER in this world who became profitable from the FIRST DAY of trading itself, Trading is a STEP by STEP process which takes TIME, spend some time, do follow the market, understand PRICE ACTION, cut your LOSSES, MONEY is just a ByProduct of all these actions, if you focus only on MONEY, we will definitely fail, without any doubt... :)
What a market today, movement on both sides and finally a BIG DOJI. As updated yesterday, market respected our level of 36454 on the downside.
NOTE: All the views provided here are as per my understanding and Analysis, please do your own analysis before taking any trades, as usual Profit is yours loss is also yours.
MY VIEW for TOMORROW:
1. HUGE GAPUP or HUGE GAPDOWN: I am NOT Interested in taking any TRADES tomorrow, I will sit and relax, will follow my own HEDGING Strategy which will have small loss or small profit, because unnecessarily we will get panic in these 2 scenarios and will do lot of wrong trades which I want to avoid.
2. Flat opening: Market has to decisively break 37012 on the upside or 36454 on the downside, otherwise it will be a day of Option Sellers, premium erosion will happen as markets can be sideways to volatile between these 2 points.
Quote of the Day: There is no TRADER in this world who became profitable from the FIRST DAY of trading itself, Trading is a STEP by STEP process which takes TIME, spend some time, do follow the market, understand PRICE ACTION, cut your LOSSES, MONEY is just a ByProduct of all these actions, if you focus only on MONEY, we will definitely fail, without any doubt... :)
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