India Vix is good, markets are giving good moves. Weekly expirys, Short coverings, Full mood Long buildups, bull traps or bear traps at just the opening are all aligning so perfectly. If one has been in the markets for say past 3-4 years and still isnt able to make money in this kind of market, well sir/ma'am, there is something particularly wrong about your understanding of even the basics of the technicals of the markets. And I believe there's nothing wrong with that, just start with kindergarten again, read books, a lot of books! (not on technical indicators, but on technicals of markets, cycles or phases of markets, the psychology behind a or behind one day's gap up opening followed by next day's gap down opening).
Long story short, You and I are rivals (that's how it is practically, right?). So, if you dont understand the game we are playing, how can you even think of a way or a method to beat me at it??
my "ONEPIECE is real!!" wala speech :p
P.s: I am not certain if ppl will be confident about going long at the beginning so hopefully will get a drop and bounce at some zone, even in case of a gapup.
The question is, by looking at the chart right now, does nifty has enough momentum to break the flag upwards? as of now, it really doesnt look like that. LONGS dont look right, shorts can be done but half quantity and a stable sl.
The_RedTicker wont be taking any more trades today (atleast not with full quantity)