Dear all
Good morning
Sunday review
Gift nifty chart is usually different from Nifty especially after market hours. Nifty chart is correlated but independent
Nifty is bearish on charts as per my reading. Even gift nifty expected to slip in morning before or after market opening.
There is 75% chance imo (nothing is 100% in market)
Nasdaq is also bearish as per charts
Indian rupee also likely to weaken even further as per charts after Friday shock.
Volatility and whipsaws and bluffs are tools of operators to shake out majority retail traders. The only way to survive that is by managing fear. And that can be done, from my experience, only by holding quantity which doesn’t give anxiety.
Most retail traders are right in direction but fail to hold because of fear.
If in such situation lighten your position to comfort level. Slow (and steady) always wins.
If a trader survives the market for sufficiently long, he she will surely amass good money
(I share my nifty view daily through whatsapp with subscribers along with free daily nifty trade ideas for a nominal support to this blog of Rs.3000/- pm. Only Sunday or periodic view shared in blog)
Jagmohan
8219414014
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