After our last post on Nifty It did give breakout of 14000 mark and gave 300 points.
Nifty in my opinion is stretched too far. Last two day Market closed below our upper line though it gapped up above it. If today also it closes below our upper line then it shows weakness.
Personally I stopped buying and only waiting for a fall or good correction.
Even if market proves me wrong and goes till 15000 I will not buy and wait for correction to re-enter.
"Market never empties. It's always full of opportunities."
I prefer not taking risk at this stage even though I am wrong. Only a good correction will make me buy from now.
Small traders fear that they may loose rally and take risk which is not required if you want to stay in market for long run.
Judge when you will trade and when you will not. Even if you don't trade any day still you won as you did not loose any.
Stay awake and Stay cautious.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
Nifty in my opinion is stretched too far. Last two day Market closed below our upper line though it gapped up above it. If today also it closes below our upper line then it shows weakness.
Personally I stopped buying and only waiting for a fall or good correction.
Even if market proves me wrong and goes till 15000 I will not buy and wait for correction to re-enter.
"Market never empties. It's always full of opportunities."
I prefer not taking risk at this stage even though I am wrong. Only a good correction will make me buy from now.
Small traders fear that they may loose rally and take risk which is not required if you want to stay in market for long run.
Judge when you will trade and when you will not. Even if you don't trade any day still you won as you did not loose any.
Stay awake and Stay cautious.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
