NIFTY COMMENTARY by Kiran WEEK 18, ABOVE 13,000-bubble rally?

Hi Friends,

Two weeks back on week 16 commentary (check below), I warned there will be JERK with not so big reason. I thought the crash would come last week, but it came weak after. LOT of people still in mesmerizing state of mind what to do, only traders with lot of experience can able to absorb the shock and able to take the next trade.

Ok what is now on the table? and why this crash happen?

here is the answer, market always shake the tree before advancing, all the loose hands will drop out and only strong hands clinch on to the rally.

This market is still not finish until final rally in stocks. (may be i am wrong, but numbers will decide)

I will go for the same option, which is 2 BUY HOLD. in fact last week it gave us buying opportunity also.

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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