NIFTY COMMENTARY by Kiran WEEK 3
Hello friends,
This is third week I am continuing the NIFTY analysis.
Nifty Tried to cross the Volatility stop, but cant able to do so. As we discussed last week, if NIFTY can not able to cross above 11500 level then it signals the weakness. In fact this week it did not move above 11500.
BUT WE DID NOT MAKE THE LOWER LOWS YET. (crossing below 11185 level)
Any lower lows will confirm the direction.
So I keep my position with third option.
Which is " WAIT for trend confirmation"
Your humble trader
Kiran
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The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
This is third week I am continuing the NIFTY analysis.
Nifty Tried to cross the Volatility stop, but cant able to do so. As we discussed last week, if NIFTY can not able to cross above 11500 level then it signals the weakness. In fact this week it did not move above 11500.
BUT WE DID NOT MAKE THE LOWER LOWS YET. (crossing below 11185 level)
Any lower lows will confirm the direction.
So I keep my position with third option.
Which is " WAIT for trend confirmation"
Your humble trader
Kiran
--------------------------------------------------------------------------
The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
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