NIFTY : Aaah it was a clean fall.
A long side desperate trader would have registered a bad day today.
An opportunist is safe. He did not get any but did not lose either.
Till the time we don't fall below 5550 , all is good for bulls.
Its a find a long opportunity or don't trade.
As I mentioned yesterday , I will wait patiently to initiate a long trade but today was no opportunity.
Not at any point of the day , Nifty showed a convincing pull back...
A trade cannot be initiated on expectations , I needed the spot price to show convincing pull back from lower levels , but it never gave any chance today.
We made new lows and kept on passing all the day near to it or making a newer low.
Till 3:29 I had the intention to go for a long positional trade but CANNOT.
Spot prices are stubborn enough to warn bulls.
What's next ?
I am BULLISH.
I will drop bullish views after we clock below 5550.
When to initiate the nifty long trade ?
Looking for the intraday movement tomorrow .
Weekly charts stay bullish and it has been a tradition , fall in the first half of the week and later a pull back by the weekend.
So lets wait how things pan out tomorrow....
I feel no fear to initiate a LONG trade as soon as the charts show up Nifty pulling back........
Will keep the blog posted as soon as the trade will be initiated.
ICICI Bank : Opening ticks were impressive but before the rbi event , those were meaningless.
With heavy fall.......I have dropped ICICI for my LONG views. The spot prices have fell way below I was not expecting.
ICICI would be dropped now and I am keen to dig SBI ,INFY and BHARTI AIRTEL for long trade setups.
Will update the blog as soon as I have something conclusive to say.
Plan more , trade less is the pro style.
A long side desperate trader would have registered a bad day today.
An opportunist is safe. He did not get any but did not lose either.
Till the time we don't fall below 5550 , all is good for bulls.
Its a find a long opportunity or don't trade.
As I mentioned yesterday , I will wait patiently to initiate a long trade but today was no opportunity.
Not at any point of the day , Nifty showed a convincing pull back...
A trade cannot be initiated on expectations , I needed the spot price to show convincing pull back from lower levels , but it never gave any chance today.
We made new lows and kept on passing all the day near to it or making a newer low.
Till 3:29 I had the intention to go for a long positional trade but CANNOT.
Spot prices are stubborn enough to warn bulls.
What's next ?
I am BULLISH.
I will drop bullish views after we clock below 5550.
When to initiate the nifty long trade ?
Looking for the intraday movement tomorrow .
Weekly charts stay bullish and it has been a tradition , fall in the first half of the week and later a pull back by the weekend.
So lets wait how things pan out tomorrow....
I feel no fear to initiate a LONG trade as soon as the charts show up Nifty pulling back........
Will keep the blog posted as soon as the trade will be initiated.
ICICI Bank : Opening ticks were impressive but before the rbi event , those were meaningless.
With heavy fall.......I have dropped ICICI for my LONG views. The spot prices have fell way below I was not expecting.
ICICI would be dropped now and I am keen to dig SBI ,INFY and BHARTI AIRTEL for long trade setups.
Will update the blog as soon as I have something conclusive to say.
Plan more , trade less is the pro style.
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