NIFTY COMMENTARY by Kiran WEEK 10
Updated
Hi friends,
I made a title two weeks back, will make it or brake it, now NIFTY is choosing the second option, braking to downside.
And last week I was told that NIFTY will surprise in either side. Well this week it did not surprised me, infact it made side ways move with downside bias.
Just remember any BULL market will end with retail participation and there will huge gap between market price and reality.
The reality is lot of small businesses are in losses and market run to upside ignoring this fact. (of course lot of governments around the world announced huge spending due to pandemic)
NOW everything in place and it is the time for BEAR MARKET.
KEEP TIGHT STOPLOSS AT 11728 for bears on closing basis.
I will go for this week with option 4 SELLing opportunity.
Your Humble trader,
Kiran
QUOTATION : LEARN FROM EACH AND EVERY POSSIBLE SOURCE AND LET THE COMMON SENSE MAKES THE DECISION.
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follow my profile for new trading ideas (kiransunku2016)
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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.
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I made a title two weeks back, will make it or brake it, now NIFTY is choosing the second option, braking to downside.
And last week I was told that NIFTY will surprise in either side. Well this week it did not surprised me, infact it made side ways move with downside bias.
Just remember any BULL market will end with retail participation and there will huge gap between market price and reality.
The reality is lot of small businesses are in losses and market run to upside ignoring this fact. (of course lot of governments around the world announced huge spending due to pandemic)
NOW everything in place and it is the time for BEAR MARKET.
KEEP TIGHT STOPLOSS AT 11728 for bears on closing basis.
I will go for this week with option 4 SELLing opportunity.
Your Humble trader,
Kiran
QUOTATION : LEARN FROM EACH AND EVERY POSSIBLE SOURCE AND LET THE COMMON SENSE MAKES THE DECISION.
---------------------------------------------------------------------
follow my profile for new trading ideas (kiransunku2016)
---------------------------------------------------------------------
The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
--------------------------------------------------------------------
Trade closed: stop reached
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