Greetings !
We thought for Trending February (either side) given Interim Budget, RBI Meeting were due during first week of Month itself and especially after flat January Expiry.
But, February turns out no better than January. Net Closing Difference is only 38.45 Points.
NIFTY Spot Closing on 31st January 2019 was 10830.95 & Closing of 28 February 10792.50
But February would be another flat Month was unknown in the Starting. Anyway…Read More »
Greetings !
Nifty Spot Index started January Expiry from 10779.80 levels and Ended at 10830.95 – Net Difference: 51.15pts with High Point being at 10961.85 and low was at 10583.65
Total Trading Range was (H-L) 378.20 only – Quite Manageable irrespective of one’s sentiments were Bullish or Bearish. Both, got multiple Entry Exits during the Expiry.
Recall how much Panic was being inflicted by vested Interests with Data Bombarding, SGX Price Volatility, Opinions shared in Media, Forums about Market Fundamentals & Technical Set-Up in the minds of Traders during the course of the Expiry.
Rocket Specialisations: Pillars’ Strategy captures only Trending Movements, during range bound price actions we prefer to stand-still, irrespective of news-flow &/or events (Results, Budget, Elections, RBI Meet, etc) are lined-up during the said period.
Trade Limited with Clear Entry Exit Level is the simple working motto at Rocket Trades.
Greetings !
Retail Traders’ most difficult task is nothing but to Identify, Choosing and Selecting a genuine Advisory. Especially, in the current context of so much conflicting information, news flow, views & market opinions doing the rounds, that to be so frequently.
For Example: Stock moves unfavourable in-spite of having favourable news flow (like Annual, Quarterly Result, long over due change in Management ‘or Govt Policies, etc).
Crude Prices moves in Opposite direction in-spite of supporting inventory or favourable OPEC Commentary or US Data Points, prevailing Geo-Political Tension across the world, etc…
And our favourite Example: Recall that Nifty did not had any negative news flow during September October 2018 period but still Market had fallen one way, non-stop 1800pts.Read More »
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