Today at around 12noon, rbi credit policy will b out , most of analyst are expecting 25 basis point hike, but we think yesterdays buying is in anticipation that there will not b rate hike, or 25 basis point increase is all ready factored in by market participant, if that is the case then nifty will breakout above down trending resistance line today itself or at the most till this weekend, we will keep our fingers crossed. If that don't happen then till some more downside is left.
4 comments:
Guruji,
Market is down , but Bhartiartl is showing bullish flag sign, market my go up because of telecom sector
YA, BUT FOR THAT NIFTY SPOT SHOULD HOLD 5400 LEVEL, IF IT BREAKS BE PREPARED FOR RETEST OF 5200!
ALWAYS KEEP UR MIND OPEN AND CONSIDER ALTERNATE POSSIBILITY ALSO SO THAT U WILL NOT B SURPRISED!
I will strictly follow mechanical trading system, no guesswork , no emotions only to follow the change in signal.
THAT WILL B THE KEY TO SUCCESS! Actually, if u know technical analysis very well, then there is no need to follow any news, no guesswork, more important there should not b any emotions, just follow technical's one or other day u will b successful trader. BUT REMEMBER THE BASIC REQUIREMENT IS YOU SHOULD KNOW TECHNICAL ANALYSIS VERY WELL!!!
U must b realized that nifty is sideways now a days and July 11 is one of the toughest month to trade nifty or any of the stock in Indian market. Yet have u seen result of our trading system it generated 4 calls (2buy, 2sell) all exited in profit with total profit of 205.8 points.
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