NIFTY COMMENTARY by Kiran WEEK 16, ABOVE 13,000-bubble rally?

12 thg 12, 2020

Hi Friends,

What an amazing last week, it is almost kind of roller costar ride for the intraday players.

Nifty is going to corner of the upward triangle. So CAUTION is advised.

THERE is a possibility of JERK (like one day correction) before big rally. It is like shaking of the tree, weak hands will loose the grip and fall down. MARKET always do this to trap majority of the people.

So look for stoploss 13400-13300 range.

I will go for the same option, which is 2 BUY HOLD.

Your humble trader

KIRAN

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The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
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