Rbipolicy
Nifty - History Has The Answer- Careful Above 11050!
*** History Has the Answer - In my past ideas I have discussed the importance of 11035-11100 zone -specifically the idea- "Demand & Destiny Zone"
As suggested in last video idea - we shall buy above 11000 - trade got executed & time has come that you should be careful for following reasons next -
RBI policy decision on 7th Feb 2019
Market Breadth is not good at all. New comers you can google "market breadth" & get answered.
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Trading Strategy
Safe Traders
They can sell if nifty moves below 10985 post falling below 11000 level- take care no sell trade to be taken if nifty holds above 11000 mark/level. Holding below 11000 - Downside Targets- 10800-10800 / Below 10800 -10550-10585
Risky Traders
Careful at current levels 11050-11060 - Consider all risk at your end & check the factors before trading or executing. Kindly do not blame the author -if you cannot manage the risk- In that case, you should learn more about risk management before even you start trading.
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Do take good care of yourself.
Thanks for watching the video / precious time.
Nifty : Expecting Range before RBI Day...Tomorrow being RBI day its usual for Nifty to give only scalping trade chances. We slightly have a different view from yesterdays but still in-line with what we are expecting with Nifty.On lower timeframe's scalping chances will arise whether its move till 10110 or on bearish reversal with formation of double-top. Be conservative on the formation of double-top bcos it can either give a wick to upside hitting out stops or if there is formation of new high double top is failure.
So, thats why this particular Double-top should be traded with care & RSI showing bit of divergence too ( not formed yet ) , check after the completion of double top whether you still have that divergence. But anyway, for next 2 days Nifty will be range only ( just expecting ) bcos of RBI day & rate cut hopes. And if these rate cuts happen, it further fuels the bulls, New highs in Nifty in coming days.
Do remember these are not single day move, its overall Market Direction...
