Nifty: Traders with Plan and patience rewarded with minimum risk
Nifty
In my previous post, it was mentioned that reduction in Open Interest does not augur well for Nifty's march towards 16K to continue.
Profit booking was suggested accordingly without any bias expectations but based on study.
Also for momentum play, a better strategy would be to wait for a gap zone to be taken out: either the resistance gap or support gap which ever side the gap is taken out expect a momentum in that direction.
Both the above points were clues given by Technical Analysis and Derivatives Analysis and have been discussed here in my earlier post clearly.
Today the results are in front of you...
Do your study, Trade with a plan and increase your chances of winning trade...
Follow for more such ideas
But don't just follow me blindly,
Learn to identify opportunities independently
Regards
Vaibhav Deshpande
indiamarketoutlook
In my previous post, it was mentioned that reduction in Open Interest does not augur well for Nifty's march towards 16K to continue.
Profit booking was suggested accordingly without any bias expectations but based on study.
Also for momentum play, a better strategy would be to wait for a gap zone to be taken out: either the resistance gap or support gap which ever side the gap is taken out expect a momentum in that direction.
Both the above points were clues given by Technical Analysis and Derivatives Analysis and have been discussed here in my earlier post clearly.
Today the results are in front of you...
Do your study, Trade with a plan and increase your chances of winning trade...
Follow for more such ideas
But don't just follow me blindly,
Learn to identify opportunities independently
Regards
Vaibhav Deshpande
indiamarketoutlook
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