nifty long term anaysis .... time to exit ??
This is for education purpose only consult your financial advisor before any trade
Nifty has been following this from a long time as we can see its clearly , so we may see a push till 14800-900 due to , final short covering , specially by retail clients ,
in my personal i wont be looking to add longs here
reasons - 1 The crazy valuations here
2 risk reward in not at all favorable at this time .
so i might exit my longs here
i wont short here - rather stay in cash
reasons - As this could be a final rally majorly due to short covering , and also fomo trader will help in that . because market also have to trap them .
what i will do then -- sit ideal???
No i will take intraday trades , that to in index only , i am not interested in carrying any trade
i f market reach my area then i will look for call writing opportunities
Dont forget to see dow jones analysis as , he is father of all indices
Nifty has been following this from a long time as we can see its clearly , so we may see a push till 14800-900 due to , final short covering , specially by retail clients ,
in my personal i wont be looking to add longs here
reasons - 1 The crazy valuations here
2 risk reward in not at all favorable at this time .
so i might exit my longs here
i wont short here - rather stay in cash
reasons - As this could be a final rally majorly due to short covering , and also fomo trader will help in that . because market also have to trap them .
what i will do then -- sit ideal???
No i will take intraday trades , that to in index only , i am not interested in carrying any trade
i f market reach my area then i will look for call writing opportunities
Dont forget to see dow jones analysis as , he is father of all indices
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