NIFTY COMMENTARY by Kiran WEEK 8 (WILL MAKE IT OR BRAKE IT)
Hi Friends,
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.
Then the stop loss for bulls now is 11584 on closing basis. Last week also I mentioned the same stoploss.
This week I will go for option 1. which is BUYing opportunity
Your humble trader,
KIRAN
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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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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.
Then the stop loss for bulls now is 11584 on closing basis. Last week also I mentioned the same stoploss.
This week I will go for option 1. which is BUYing opportunity
Your humble trader,
KIRAN
---------------------------------------------------------------------
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.
--------------------------------------------------------------------
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