@TIMEFRAME @Riyas_Ahamed @vishnux any prediction further guys ?
Just accumulate PE when you feel that market is recovering , gap up. fake news about corona medicine etc…
new Investors will wait to BUY , But old investors will exit quick.
it is very difficult to use technicals right now.
nifty hasn’t reached these levels since 2018 so it has become very difficult to use S&R.
futile to predict the direction now.
Only two supports now - 2200 and ZERO
sgx nifty is trading at 8750…this is big ,very big
Downside is limited. Maximum another -3000 to -4000 but upside no limit guys
every body expecting help from govt and RBI to stablize the market
only one way we have , Just SHUTDOWN the market upto cornavirus disappear
SHUTDOWN the market for month or year thats only govt can stablise the market
Then investors will miss the great opportunity to buy at low. Buying at high is a very risky business.
Retail investor never buy in low , never sell in high .
when the market going down they will fear , when the market going up they will greed , this is happening long long years , only few people doing there homework properly
TSUNAMI on tmw market 800+ point down , tommrow lower circuit confirm
jalsa for value investors having cash
+1 :))
Well i don’t predict but i do study charts & markets , make my opine & take a trade accordingly . Don;t predict but risk some money , affordable to you , trade according to the market condition , and coming to your question , One Big Elephant candle erased the Nifty gain of 2 years .there is not much changes in FII short position on indices, Nifty future was very near to LC & pulled back and also tried many times cross above 9700 level and failed. and also Nifty closed at a major trend line. At this point going short on indices is Highly risky ,and also being last trading day of the week I would wait & see how market opens & its volatility .
Thank you so much @vishnux @Riyas_Ahamed @TIMEFRAME for sharing your valuable insights for a newbie like me
I am new to market aswel , just 2 years.But I feel I am lucky to witness this volatility.
But i think you have profitable track record but i am still struggling from past 6 months
I have loss too , but my portfolio SL cut it down to 3k , 4k , and no more trading for the day.