Last week I have not given any trading call on nifty due huge volatile conditions. Being a positional trader I will not prefer to trade the 20-30 point moves on Nifty hence I need more clarity to go for a call.
This is week/month is very crucial for the Indian markets (technically) we are in 13th month in this bear market. In past too in this month some breakouts happened. A market forming higher bottoms is a very vital point to add this story but it is unable to form the higher tops. Markets looks for the direction hence they are likely to be in a narrow range this week also.
There are two ways to trade this week;
The first way; If nifty crosses the 2970 then one can go short on nifty above the 3000 keeping 3150 as stop loss and can be hold for the whole month.
The second way to trade; Instead of going up if markets fell then wait till nifty falls below the 2750 to initiate the fresh short.
Please follow up regularly to this call for any updates! These days things changing very swiftly hence we all are prepare to change the stance quickly and should ready for it.
With thanks
Be and make
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