prasad37

NIfty bulltrap

Short
SGX:IN1!   SGX NIFTY 50 INDEX FUTURES
Please correct me if I am wrong ..as there was


Does the current upmove is backed by volumes

What's your thoughts?

Comments

price respected at support level (dec 2016), so made reverse move upwards
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Yes, this looks a kind of short covering and is making way for new shorts that can be created at a higher level but we have to respect the market and go with the trend before the pull down starts again..it is recommended to trade and not make new one stroke investments at this point .. market can once again test lower levels as the corona virus issue is far from over
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prasad37 SourabhShende
@SourabhShende, rightly said..that we should respect the current trend even if it is short-lived ...
Reply
@prasad37, True, this an extra ordinary situation ,Respect the market and be nimble because what is I am seeing is that everyday you face two choices either loose money or miss opportunity . As far as I am concerned 9500 and 10000 looks interesting for short term .
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