Nifty Outlook

2019년 6월 1일

Hello,
Please see the Nifty Trading Zones in the chart.

I just want to say in today's post if you can't take a long position when others are nervous, you can't make money. Now it's your decision that you want to go with nervous people who are talking about 11000 levels in a panic situation or you want to with your own decision basis of your own studies.

I shared some Year to Date and Month to Date index return data for major global markets. As I mentioned earlier as I trader I follow micros very closely, it will help me to know when to take a positional trade and when to take a trade for intraday only. Before 2 months back Indian NIfty was underperforming compared to all major global markets. Now today's situation is different. Now Nifty is outperforming compare to other global markets.

Crude and Currency are in favour of Indian Markets. Gold price is increasing. US and India 10 Year Bond Yield is @ low price. India has a stable government for the next five years. RBI may announce rate cut by 0.35% to 50%. Every micro is favouring to Indian Market. What other positive data expectation you have as a trader or as an investor.

Change your view from intraday trading to positional trading, hold that stock for 1 or 2 days. Trade in Index in the stocks which are managing the index. (Example: I bought TCS on Wednesday @ 2100 levels and booked profit on Friday @ 2193, Bajaj Finance bought @ Wednesday @ 2530 booked profit @ 2585 on Thursday, Nifty Bought from 11860 Booked @ 12020). Don't trade in lots of stocks in this sideways market. Try to buy Index from a lower level of the sideways zone. and book profit at a higher level of the zone.

Thank x
Have a great weekend :)