Is it a Corrective Rally or the Nifty has done a trend reversal and going again for all time highs? That is the question I am getting a lot from our Subscribers these days?
The answer is... Why Worry? Look at the chart posted above. Once Nifty broke out above 5870 kind of levels, it has already given 150+ points on the upside. Now, the earlier resistance of 6030 is again providing stiff resistance on the upside. For next week, we will be closely watching 6030 on the upside and 5935-5920 spot on the downside. Breakout/ Breakdown from these levels can again give a sizable move of 100+ points.
Plan your Trade and then Trade the Plan. Stop worrying where the market is heading. Just be unbiased and see what the charts are telling you. That should be enough to ensure consistent profits.
Happy Trading!
www.niftypower.com
Tips for Nifty
Posts
No comments:
Post a Comment