1. On daily charts, NIFTY is making higher lows. The Higher high is not clearly established.
2. Other thing that is happening is there are overlapping moves, that is characteristic of sideways market.
3. VIX is down below 40%. That means overall the intra-day ranges will get narrower.
This type of moves are frustrating for trend followers. The market can remain in this phase for some time
Things I'll follow
1. Do not expect similar wild moves (300+ points) going forward.
2. Trade with the trend , but book profits as soon as available. It may look the money is not made to the full potential, but it is safer to be that way.
3. Do not expect long side targets like 9600- 9900 to come very fast, rather NIFTY can grind a lot around certain levels. Example , recently nifty made many moves around 9000 level.
Since VIX is down, I can think of holding the trades for 2-3 days if required.
2. Other thing that is happening is there are overlapping moves, that is characteristic of sideways market.
3. VIX is down below 40%. That means overall the intra-day ranges will get narrower.
This type of moves are frustrating for trend followers. The market can remain in this phase for some time
Things I'll follow
1. Do not expect similar wild moves (300+ points) going forward.
2. Trade with the trend , but book profits as soon as available. It may look the money is not made to the full potential, but it is safer to be that way.
3. Do not expect long side targets like 9600- 9900 to come very fast, rather NIFTY can grind a lot around certain levels. Example , recently nifty made many moves around 9000 level.
Since VIX is down, I can think of holding the trades for 2-3 days if required.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。