Positional Call on Nifty Trade
- Thread starter anup0212
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looks like todays NF was sudden downturn did not give short day trader much and just hanged at 8042 lvl kind of move suggest as was expecting also 8040 has to go off and then we will see further downside so let us see what happens tomorrow shorts will come more only below 8040 lvl but as per todays's NF move looks like a good cut on downside will come ..let see...
traders todays move were just mocking the technicals and now this move suggest further room for upside very much possible but going this one day of run does not mean we are in bull run , more to me looks like just a bus started 8180 to 7939 move do give a 241 points but again this patterns along with 1 day move just make situation worries ...so let see if this goes or not ...but to me worst could be anywhere 7850+ lvl might come very soon...till then I will keep watching it...see u all...
Anup,
Why cannot we call it Fundamental move barring technicals?
Market seemed crashed to lower levels discounting the anticipating negative Fed announcement. After Fed announcement, in the absence of negative news, the market normalized to earlier levels.
I cannot see it as bull run but as attaining normalcy.
Just my views.
Why cannot we call it Fundamental move barring technicals?
Market seemed crashed to lower levels discounting the anticipating negative Fed announcement. After Fed announcement, in the absence of negative news, the market normalized to earlier levels.
I cannot see it as bull run but as attaining normalcy.
Just my views.
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