Hello Friends,
What a run up in the end. people were anticipating a down move at the last hour and it went like a 🚀. what a great run. As discussed in the morning, if we sustain above 18325 for next 30 minutes we should not think about bear move. once it crossed it never came back to that levels. As per the chart, it was a day of breakouts many resistance in Nifty have been breached and last resistance of 18604.45 is standing. so for the first time we have a monthly closing above 18000+. It was a great showcase of bull power. So shall we turn bullish all around??? My view is till we are trading above 18325 on daily closing basis we should remain bullish. Once we close above 18650 for 2 consecutive days then it means we have knock the doors for 19500. can we witness this in the month of December??? I will not rule out this possibilities. what if we goes down, 18325 then 18060 is the last support. At the middle of the month If I am wrong, on Dec 14, 2022 we will have Fed meeting. FED chairman comments would matter the lot for the rest of the month. DXY is correcting mildly and it has shown a rejection at 108. USDINR pair is also cooling off. But yes, if you get a chance to buy at 80.50 again then dont miss it. XAUUSD (Gold) is near to break out. if it happens then we might witness a shivering in equity market. Inflation is cooling off if we look at the metals and Crude. So all the sings are indicating a bull run. And I personally believe that if there are no sing of bear market then it is the only sing of bear market...
PLEASE SAVE YOUR HARD EARN MONEY. THAT IS THE FIRST AND ONLY THING MATTERS THE MOST.
ALWAYS RESPECT STOPLOSS
I RECOMMNAD TO TRADE WITH HEDGE, MAKE MORE MONEY AND MAKE LESS LOSSES
CONSIDER MY VIEWS FOR READING AND ANLYSING THE MARKET, REST I LEAVE IT UP TO YOU
I AM NOT RESPOSIBLE FOR ANY TRADING LOSS, IF YOU TRADE ON MY VIEWS
Regards,
What a run up in the end. people were anticipating a down move at the last hour and it went like a 🚀. what a great run. As discussed in the morning, if we sustain above 18325 for next 30 minutes we should not think about bear move. once it crossed it never came back to that levels. As per the chart, it was a day of breakouts many resistance in Nifty have been breached and last resistance of 18604.45 is standing. so for the first time we have a monthly closing above 18000+. It was a great showcase of bull power. So shall we turn bullish all around??? My view is till we are trading above 18325 on daily closing basis we should remain bullish. Once we close above 18650 for 2 consecutive days then it means we have knock the doors for 19500. can we witness this in the month of December??? I will not rule out this possibilities. what if we goes down, 18325 then 18060 is the last support. At the middle of the month If I am wrong, on Dec 14, 2022 we will have Fed meeting. FED chairman comments would matter the lot for the rest of the month. DXY is correcting mildly and it has shown a rejection at 108. USDINR pair is also cooling off. But yes, if you get a chance to buy at 80.50 again then dont miss it. XAUUSD (Gold) is near to break out. if it happens then we might witness a shivering in equity market. Inflation is cooling off if we look at the metals and Crude. So all the sings are indicating a bull run. And I personally believe that if there are no sing of bear market then it is the only sing of bear market...
PLEASE SAVE YOUR HARD EARN MONEY. THAT IS THE FIRST AND ONLY THING MATTERS THE MOST.
ALWAYS RESPECT STOPLOSS
I RECOMMNAD TO TRADE WITH HEDGE, MAKE MORE MONEY AND MAKE LESS LOSSES
CONSIDER MY VIEWS FOR READING AND ANLYSING THE MARKET, REST I LEAVE IT UP TO YOU
I AM NOT RESPOSIBLE FOR ANY TRADING LOSS, IF YOU TRADE ON MY VIEWS
Regards,