NIFTY COMMENTARY by Kiran WEEK 4
Updated
Hi Friends,
It is quite interesting time in NIFTY as we are witnessing the TURN of the TIDE.
NIFTY BROKE the UP trend lines, both red and black up trend lines.
THIS IS WEAKNESS IN NIFTY
I dont confirm yet the change in trend.
BUT remember in share market it is better run out of the door while it is still OPEN.
I stick to last week analysis
it is option 3. WAIT FOR TREND CONFIRMATION.
you can check yourself this one.
It will confirm once it make newer lower lows. That means closing below 11180
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.
It is quite interesting time in NIFTY as we are witnessing the TURN of the TIDE.
NIFTY BROKE the UP trend lines, both red and black up trend lines.
THIS IS WEAKNESS IN NIFTY
I dont confirm yet the change in trend.
BUT remember in share market it is better run out of the door while it is still OPEN.
I stick to last week analysis
it is option 3. WAIT FOR TREND CONFIRMATION.
you can check yourself this one.
It will confirm once it make newer lower lows. That means closing below 11180
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.
Note
FOLLOW MY PROFILE for regular updates of my IDEAS
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