Banknifty closed above 38,00 for the first time and all moving averages & oscillators are in buy mode.
VIX has surged to 18.05 ( VIX doesn't guarantee fall)
37,860 is the pivot level.
5 DMA:-37,590
10 DMA:- 37,404
20 DMA:- 36,998
50 DMA:- 36,044
Trying to find out weakness in the market is fool's paradise, just based on assumptions or astrology.
Don't listen to anyone, as long as 36,500 holds in the market, the medium-term trend is up and every dip has to be used to get it, with SL of 36,000 on a closing basis.
My heart is saying fall, but my brain is saying where are you seeing fall!!!
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
VIX has surged to 18.05 ( VIX doesn't guarantee fall)
37,860 is the pivot level.
5 DMA:-37,590
10 DMA:- 37,404
20 DMA:- 36,998
50 DMA:- 36,044
Trying to find out weakness in the market is fool's paradise, just based on assumptions or astrology.
Don't listen to anyone, as long as 36,500 holds in the market, the medium-term trend is up and every dip has to be used to get it, with SL of 36,000 on a closing basis.
My heart is saying fall, but my brain is saying where are you seeing fall!!!
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
