Monday 8 October 2018

NIFTY TREND

Nifty today formed  a  low of 10200 and it visited the area twice and after a  quick recovery it  closed at 10348.   All such moves are happening in the last 30-45 minutes. On Friday it was a downward movement in the last 30 minutes. 

Please bear  in mind that these moves are  beyond technical and  happening in NO TRADE ZONE. It is not advised to catch the moves. Nifty moving 150  points plus or minus in such a short duration means market is highly volatile and any bet on options is 100% risky. Avoid Options trade  till  such a time volatility reaches below 15%.

Nifty has too many  hurdles  and it is difficult to see positional trend reversal.

When trend reverses positional, you will find posting here.

Till then Good bye!!

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