Wednesday, 8:00 AM,
Good Morning to all,
Lot of traders expect including me, the US will end positive that makes cushion for Indian Market to open gap up and to take the trade from there, Since US market end up in red, not deep red, so our market will not able to open in the green ( sgx indicates red open),
As 20 DMA is stand at 9950, Yesterday's low will be more important, may be some noise around that point , will drag index down another 20-30 points.
I want to look at the volume in the future nifty, if it is low compare to average daily volume, then there is chance we can hold today,
But one thing is sure, what ever downside market gives is it going to be good opportunity for long built up, but traders should keep in mind money management, just a week down in index, will not make them to cut all the position due to over leverage.
Let we see the live market and discuss the same.
Good Luck...
Yours
Zen Trader.
Good Morning to all,
Lot of traders expect including me, the US will end positive that makes cushion for Indian Market to open gap up and to take the trade from there, Since US market end up in red, not deep red, so our market will not able to open in the green ( sgx indicates red open),
As 20 DMA is stand at 9950, Yesterday's low will be more important, may be some noise around that point , will drag index down another 20-30 points.
I want to look at the volume in the future nifty, if it is low compare to average daily volume, then there is chance we can hold today,
But one thing is sure, what ever downside market gives is it going to be good opportunity for long built up, but traders should keep in mind money management, just a week down in index, will not make them to cut all the position due to over leverage.
Let we see the live market and discuss the same.
Good Luck...
Yours
Zen Trader.
Very great article thanks for sharing
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