Nifty 50 IndexLong
NIFTY02-12-2024 MONDAY
Month starts will a loss right in the morning 09:15 am. & ends up regaining after hitting stoploss on carryforward positions.
So, there is a learning.
1. When market does not close above support line. Do not carry forward for next day's specially Fridays.
2. market may reverse so do not exit super-fast. Market will give you chance to exit respectfully if it's not expiry.
Reversal took place from deviation 2 at the lower end as pre-open was little positive.
Market to again retest 24349 before it can move up.
So, there is a learning.
1. When market does not close above support line. Do not carry forward for next day's specially Fridays.
2. market may reverse so do not exit super-fast. Market will give you chance to exit respectfully if it's not expiry.
Reversal took place from deviation 2 at the lower end as pre-open was little positive.
Market to again retest 24349 before it can move up.
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