InsiderB

Nifty : Beginning of the End ?!

Short
NSE:NIFTY   Nifty 50 Index
When Nifty formed that Double Bottom around 7800's most of the retail traders would be suspicious or even thought it might go down a bit bcos we have seen so many double bottom ;s fail, so now also it will fail, but what happened after that was exemplary bull run to 10k's & Many don't forgive themselves even now for not buying there. So Buying at Exact Lows & Selling at Exact High for a Retailer is a Myth ! Even if you disagree, Yes, its a Myth ! All You can do is only catch part of the bull or bear run, that itself more than enough.

Now here in Nifty , Same way as buying at 7800's missed, this 10k's something is the high for the year ? Well, there are two theories :
i) If Support is either taken at 9900's & 9700's and bounce till 10300 is expected.
ii) If the above support zone is not respected then this is Beginning of the Bull Run End !

By the way, As we speak , Nifty opened exactly as per our expectations if reversal happens around our 9900's zone, Get Longs, if Broken yes aim for 9700's with ranging around 9800's & We all know this is not single day scenario !

Happy Trading Err... Winter is Coming !

Comments

gm sir. thanks for sharing comments.
+1 Reply
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