Nifty today did a see-saw today and moved with in 120 points range. This kind of impulsive moves do give opportunities to make money provided you are able to know the mood of index.
The basic questions one need to ask and ascertain answers are:
Is it the right time to do gamble ?
Am I sure of the outcome of election results ?
Can Nifty cross the ATH in this month?
The answer to the first two question is NO. We are not soothsayers to predict and pinpoint the events.
The answer to the third question can either be YES or be NO. The reason is Nifty has been trading below buy level of 10280. Out of 10 trading sessions only 2 days saw nifty close above 10280. All other days are below 10280. So one cannot be bullish about this market when odds are in favour of decline.
Nifty range 10138-10380. Below 10138 short nifty and above 10380 be long in nifty.
Bank nifty range 24880-25250.
Trade with caution! Do not compel yourself to trade and go technically.
Dr. Reddy's gets USFDA nod for melphalan hydrochloride.
ReplyDeleteGet Free Trading tips here !!!