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NIFTY 50 Looking to Consolidate Soon For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point. The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets. As of right now, the DJI is currently getting pounded and so is the SPY as well as any other indices that is tracking European + U.S. stocks currently. Conversely, the NIFTY 50, NIKKEI and other Asian indices are doing well. Potentially because of dollar flight into those markets. However, one fundamental key that investors should be remain cautious of is the excessive debt incurred by the Indian government. Recently, the Indian government replaced the board of Infrastructure Leasing & Financial Services; a move that could greatly reduce foreign investment and reduce overall faith in India's sustenance over the long-term. The financial outlook for India has persistently looked bleaker on a month over month basis for a while, but few have seriously paid attention. The tip over of the Indian markets could cascade into other markets in the East and eventually have a global impact. This is worth seriously monitoring.
NSE:NIFTYShort
by librehash
Trade and Mindset Failure Analysis.Everyone has bad days in trading - I usually never let my mind get affected. This was different, because like an amateur, I panicked out of a set of trades because one went bad. I was in three trades simultaneously- 1. Short on a put option for 9000 strike = Would have worked out if I gave it time 2. Bought Tata motors - trade premise inconsistent and circled back to market conditions = Would have been a break even trade - why was I trading the stock anyway, it was neither my speciality nor an immediate need. Maybe I was uncomfortable with my exposure 3. Long on a call option = Would have worked out if my goal was different (instead of covering a loss from the above two trades, I should have treated it as an independent event) The timeline of events is as above. Learnings: 1. Stick to Futures, Options and Indices. I am not a stock trader - I trade derivatives which I'm good at. Lack of volatility made me skittish and I panicked. 2. I'm watching too many TV series and not working hard enough. That changes today. I am working out every day which is becoming the second good thing I do - I used to have more and I'm going to work harder to get back to that. 3. Too many things on my mind - its time to close everything outside of trading that's pending - immediately, make a to-do and strictly stick to it 4. No more gaming on weekdays, its messing with my hardwork mindset. Other affecting factors: 1. Bitcoin is not moving. I'm hedged but its an opportunity cost that gets heavier as time goes by. Okay - that's out of my system. Back to work.
NSE:NIFTYEducation
by hiteshbhatia3559
Time to move up?NIFTY moved down in the fourth wave and bounced up from the red line as expected (see below). It appears to have now completed the fourth wave. NIFTY could move up in the fifth wave (magenta) in October, which could take NIFTY up to 12200-12300. However, if NIFTY crossed the red line and confirmed it as resistance then this wave count will be invalid and further downside would be expected. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk. Previous analysis indicating a downward trend in NIFTY:
NSE:NIFTYLong
by ndau