US Market was down significantly on Friday, but SGX Nifty is down only 37 points.
Any gap down which happen till 12th Apr is NOT going to sustain and Nifty + BN will keep pushing higher.
A comparison between Nifty and Dow Jones is in charts. Above is Nifty chart and DJI has been posted as a separate idea here. Both charts are self explanatory.
Some people past week had asked me on a few stocks. They can analyze it by themselves in a similar way. If since 23 Mar stock is performing similar to or better than Nifty, its worth holding. If its sideways or going down, its NOT worth holding.
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Song for bears to sing: Bearish armaan aason main bah gaye....
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Kindly exit all positions here.
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We might go long again at 13:31 today.
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Exited at 25% and 123% profit!
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Breakout guys! Please buy Nifty Apr 10300 CE and BankNifty 12 Apr 24900 CE
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Bought at 185 and 245 resp.
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Set TSL at 145 and 190 resp for Nifty Apr 10300 CE and BankNifty 12 Apr 24900 CE
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Just hold patiently, stay long, by tomorrow we will be benefitted in this long position too!
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Please carry forward the long positions. All other TAs have got it wrong and market is busy punishing them!
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Where was Dow Jones and SGX Nifty in the weekend? And what is happening?? What makes the market move in a certain way despite all global cues and news??? Do you know????