Nifty suddenly turned positive last. It definitely caught us by surprise but since we were not short it did not affect us in terms of money lost!
Here is the link to our market study last week -
https://marketwalas.blogspot.in/2017/04/learning-stocks-market-outlook-24417.html
Here is the link to our observation that Nifty turned positive
https://www.facebook.com/notes/learning-stocks-share-market-training/nifty-trade/1387166341326399/
When ppl think that the market has topped out and should correct, that's the time when it keeps going up!
That's where we are.
Bigger and better targets keep coming up.
For the time being,
we will keep a positive view on Nifty.
Can Buy above 9335 or above 9370
Nifty should stay positive till it is above 9280/9200
No short sell signals now!
Note : Sensex is also showing positive signs like Nifty which is good news.
NiftyBank broke out of its trading range (21750-21300) last week.
So till this range gets resolved, Nifty Bank is in a no trade area!
Large targets are opening up here also!
Like Nifty, for the time being, we will keep positive view on Bank Nifty also.
22200/22000 can act as decent supports.
At life time high there is no real resistance!
We start the week on Tuesday. So only 4 trading sessions this week.
Q4 results will continue to swing prices.
link to the results calender if you wish to check -
http://www.moneycontrol.com/markets/earnings/results-calendar/
Volatility is decent at the moment.
So options trades should not be a problem.
The choice to buy Futures / shares is always there!
Sectoral Index view -
Nifty IT is down. But be aware of sudden short covering rallies that could happen.
Nifty Energy looks like has entered a period of
pause/correction!
Personal Note: Buy Nifty!
Here is the link to our market study last week -
https://marketwalas.blogspot.in/2017/04/learning-stocks-market-outlook-24417.html
Here is the link to our observation that Nifty turned positive
https://www.facebook.com/notes/learning-stocks-share-market-training/nifty-trade/1387166341326399/
When ppl think that the market has topped out and should correct, that's the time when it keeps going up!
That's where we are.
Bigger and better targets keep coming up.
For the time being,
we will keep a positive view on Nifty.
Can Buy above 9335 or above 9370
Nifty should stay positive till it is above 9280/9200
No short sell signals now!
Note : Sensex is also showing positive signs like Nifty which is good news.
NiftyBank broke out of its trading range (21750-21300) last week.
So till this range gets resolved, Nifty Bank is in a no trade area!
Large targets are opening up here also!
Like Nifty, for the time being, we will keep positive view on Bank Nifty also.
22200/22000 can act as decent supports.
At life time high there is no real resistance!
We start the week on Tuesday. So only 4 trading sessions this week.
Q4 results will continue to swing prices.
link to the results calender if you wish to check -
http://www.moneycontrol.com/markets/earnings/results-calendar/
Volatility is decent at the moment.
So options trades should not be a problem.
The choice to buy Futures / shares is always there!
Sectoral Index view -
Nifty IT is down. But be aware of sudden short covering rallies that could happen.
Nifty Energy looks like has entered a period of
pause/correction!
Personal Note: Buy Nifty!
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