- Nifty has closed below its 5 day low ema decisively for the first time after the up trend began from 5500 levels. The last time it closed below its 5 day low ema was around 5400 levels.
- An ascending broadening wedge or an ascending megaphone is possible. A broadening top is also possible. Both these patterns may give support for nifty in the short term. Breaking the support line of these patterns will be negative.
- Dow Jones weekend analysis
goodmorning sir.
ReplyDeleteGM Kris Sir
ReplyDeleteA VERY HAPPY GOOD MORNING,WATCHING YOU CHART EVERY DAY BUT UNABLE TO TRADE DUE TO FEAR,PLEASE CAN YOU SUGGEST IN NUTSHELL.
ReplyDeleteMADAN
@MADAN
ReplyDeleteThe trading fear erases with experience. But most of the people before they get the correct experience they run out money. The best advice to you would be to trade mini nifty which needs less capital.
One more advice would be to write down every trade why you bought or why you sold. Look back at those trades and if the reason for taking trade is not valid you should not be in that trade. Look back and see if you are violating those rules you set for yourself.
Like every business you should be disciplined here as well.
That's all i know. What i know is very little, i would advice you to have one mentor who is experienced and who has the interest in sharing their knowledge. Like Mr. Ilango of just nifty.
Thank you