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As Banknifty not giving support after corp. tax reform.. and NIFTY is at double top. are we ready for a dip before expiry week?
all these will be answered based on BIG BOY results .. once reliance results are announced, we will define the market trend not before that.
NIFTY has given a buy signal with my indicators. fresh volumes likely to for diwali rally. and tax reform and good results may lead the market for next 3 months.
from my side.. buy buy truck load. we may see new highs if corporate results are good.
Disclaimer: I am not a certified analyst. trade as per your risk apatite.
In continuation to my earlier post, looks like we can still remain short for next 1 week.
As indices are giving huge movements. trade only with small qty and wait for turn around.
Declaimer: I am not a SEBI certified analyst.
I am trying to compare the USDINR surprise event ( Saudi attack) happened in last week and NIFTY event on Friday.
NIFTY rallied over 5% but most of day traders were expecting a max of 3 - 3.5% up only. Many people missed another 300 point rally on index.
Firstly, lets concentrate on Monday expectation... As per comparison with USDINR, at least 38% retrace is...
If we break above current week high in next week... then with in very short time we may see levels near 74. if all things are good then we downside is limited to 69.
Disclaimer: I am not a SEBI certified analyst. Please trade as per your risk apatite.
2018 many stocks fallen 30 - 70%. expecting 2019 will be a consolidating year or a fall continuation lets see. I will be bearish starting FEB month. Reason, Gloabal grouwth concerns and elections are key indicators.