lots of damage done on the charts and they have turned very bearish perhaps a bearish phase is getting started although nifty is trading near trendchannel support 5200 now(should not consistently close below 5150 to prevent continued downmove toward 4700-4800).
any bullishness on charts presently will be above 5900 which is far away.
short to medium term investors can use any such bounce from lower lvls to trade long, if any close above 5373/5389 this friday, bias will be positive.
strategy/outlook for intermediate(6 months to 1 year) and long term(1 year or more) investors use any pullback over next 3-6 weeks to exit all delivery positions at better prices. use pullback which is possible initially to 5550 and then upto 5850 etc. if during any such pullback over 2 months it trades above say 5900 then do not exit.
if any bullishness/buying opportunity comes at any time or lvls for such delivery positions/investors then it will be updated here.
***these are my views only, pls read the disclaimer above.
any bullishness on charts presently will be above 5900 which is far away.
short to medium term investors can use any such bounce from lower lvls to trade long, if any close above 5373/5389 this friday, bias will be positive.
strategy/outlook for intermediate(6 months to 1 year) and long term(1 year or more) investors use any pullback over next 3-6 weeks to exit all delivery positions at better prices. use pullback which is possible initially to 5550 and then upto 5850 etc. if during any such pullback over 2 months it trades above say 5900 then do not exit.
if any bullishness/buying opportunity comes at any time or lvls for such delivery positions/investors then it will be updated here.
***these are my views only, pls read the disclaimer above.
No comments:
Post a Comment