WOD, do not predict that it will go down tomorrow but like a Pro trader, be prepared with your action plan for 1) if it breaks on upside 2) if it continues the fall or 3) goes sideway for another day.
Two NR days in close proximity indicates that market is trying to make up its mind hence indicision phase is resulting in NR days.
Once it makes up the mind, then we just got to follow it.
Lets not forget that we are near strong psychological support level of 4000, 50 dma is nearby etc. Selling near support is not what professionals do. They sell at the resistence and buy at the support. Whereas novice traders do the opposite.
Happy Trading
Two NR days in close proximity indicates that market is trying to make up its mind hence indicision phase is resulting in NR days.
Once it makes up the mind, then we just got to follow it.
Lets not forget that we are near strong psychological support level of 4000, 50 dma is nearby etc. Selling near support is not what professionals do. They sell at the resistence and buy at the support. Whereas novice traders do the opposite.
Happy Trading
And still I am ready for any upmove tommoro....I would be out of my PE once nifty sustains above 4140.....and would keep PE if nifty will manage to close around 4080...
Thanks....its you and other senior members from which I have been learning to be trade like pro......