Nifty Bank IndexLong
Bank Nifty for July 28th
Hi All,
I am posting my personal views here, please do your own analysis before taking any trades.
Market respected lower support of 36315 and gave a strong bounce back. Hence Bullish trend is confirmed
View for tomorrow:
1. Flat to Gap Up opening: Can go long till 37272. Also please note, market should not open HUGE GAP UP which will be a concern why because it may turn back anytime, and it should gradually move up, if it suddenly moves upwards in a straight line, please do wait for a Retracement, observe the Price action and then only Trade.
2. GAP DOWN Opening: If at all this happens, this will be a tricky situation, wait for the market to take a direction and then only Trade, otherwise DONT TRADE, its better
I followed my own Hedging strategy today and ended up with a Profit.
Quote of the Day: Nobody can become RICH by following TIPS and Advises, we have to do our own Analysis and have a minimum idea on the Market, otherwise we will never be able to generate money from the market.
I am posting my personal views here, please do your own analysis before taking any trades.
Market respected lower support of 36315 and gave a strong bounce back. Hence Bullish trend is confirmed
View for tomorrow:
1. Flat to Gap Up opening: Can go long till 37272. Also please note, market should not open HUGE GAP UP which will be a concern why because it may turn back anytime, and it should gradually move up, if it suddenly moves upwards in a straight line, please do wait for a Retracement, observe the Price action and then only Trade.
2. GAP DOWN Opening: If at all this happens, this will be a tricky situation, wait for the market to take a direction and then only Trade, otherwise DONT TRADE, its better
I followed my own Hedging strategy today and ended up with a Profit.
Quote of the Day: Nobody can become RICH by following TIPS and Advises, we have to do our own Analysis and have a minimum idea on the Market, otherwise we will never be able to generate money from the market.
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