Gud morning everyone
We saw a very strong Bull move yesterday. It clearly suggests that bulls are there in disguise of bears.
Now, the game is very simple ahead. If yesterday's low is defended today and tomorrow, we might see a very good move upward.
However, still, I won't recommend chasing the momentum and breakouts.
BUY ONLY NEAR SUPPRTS WITH VERY VERY CLEARLY DEFINED STOPLOSS AND RISK MANAGEMENT.
Same goes with Banknifty. It has bounced from 200sma support yesterday with 1000 points.
For Nifty the next big resistance is at 21800. If that is taken away in upcoming few days then we may see a fresh lifetime high in the market.
Play safely. Have a profitable day ahead.
#Learning #TrendX
We saw a very strong Bull move yesterday. It clearly suggests that bulls are there in disguise of bears.
Now, the game is very simple ahead. If yesterday's low is defended today and tomorrow, we might see a very good move upward.
However, still, I won't recommend chasing the momentum and breakouts.
BUY ONLY NEAR SUPPRTS WITH VERY VERY CLEARLY DEFINED STOPLOSS AND RISK MANAGEMENT.
Same goes with Banknifty. It has bounced from 200sma support yesterday with 1000 points.
For Nifty the next big resistance is at 21800. If that is taken away in upcoming few days then we may see a fresh lifetime high in the market.
Play safely. Have a profitable day ahead.
#Learning #TrendX