Last week I mentioned NIFTY will give the chance for both buying and selling. It has exactly happened like that.
Now lot of traders thinking of crash in the market like last march. But this is what exactly needed for rally. But on the safe side, look at 14k number on nifty, ONCE IT BRAKES 14000 THERE WILL BE BLOOD BATH.
So, at this point of time I will consider this is as buying opportunity, to ride the rally.
This week I will go for option 1, BUYING OPPORTUNITY.
Your humble trader
KIRAN
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follow my profile for new trading ideas (kiransunku2016) --------------------------------------------------------------------- The five conditions I watch regularly are. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. --------------------------------------------------------------------
HOW MUCH WOULD YOU LIKE TO PUT ON THE TABLE FOR A BAIT? THE NEXT 2 weeks will be the last buying that will take place.
KiranSunku2016
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@BharadwajBharaata, may be but that is enough for me as a trader. I am looking for one fundamental news from usa, about the stimulus package, after that you can think of shorting the market.
ckirtane
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@KiranSunku2016, today biden said this is just first package ,more will come.
KiranSunku2016
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@ckirtane, thats good news for market, one more thing we have budget on feb 1st.