Nifty Futures — Trend Reversal Or Trap
Hi Friends,
Last 2 days market has tried to make a base near 10200 and it seems it found the support level here. After a continuous fall from 11800 finally it has shown some SUPPORT.
The indication is good for those who wants to see things in Green. The short/medium term looks very weak as USD is still maintaining at all time high level and every small uprise would create pressure on both the indexes.Overall Picture is clear. They will kill any long positions, very fast. Volatility at its peak.
Now little technical also; as all these commentary wont help any trader as such. If you want to make any new trade then must take care of the approach and target you have for the trade. Trading requires lot more discipline than mere commentary. Understand the approach, stop loss, targets, trailing clearly as per your understanding of the markets.
Last but not the least Understand market strength and categorise yourself as Beginner, medium level trader or professional.
Trade with trust and discipline.
~NiftyFutureTrader
Last 2 days market has tried to make a base near 10200 and it seems it found the support level here. After a continuous fall from 11800 finally it has shown some SUPPORT.
The indication is good for those who wants to see things in Green. The short/medium term looks very weak as USD is still maintaining at all time high level and every small uprise would create pressure on both the indexes.Overall Picture is clear. They will kill any long positions, very fast. Volatility at its peak.
Now little technical also; as all these commentary wont help any trader as such. If you want to make any new trade then must take care of the approach and target you have for the trade. Trading requires lot more discipline than mere commentary. Understand the approach, stop loss, targets, trailing clearly as per your understanding of the markets.
Last but not the least Understand market strength and categorise yourself as Beginner, medium level trader or professional.
Trade with trust and discipline.
~NiftyFutureTrader