Nifty : Are we Right on Time ?!
Certainly Not ! Because, usually I post out Nifty before 9.15 am & its not the same today. Not a prob, but are we right on Timing the Nifty to our expected zones ? Well, Nifty needs to tell Me that.
Just based on few presumptive reasons, I ascertain Nifty will reach out to 9750's zone between May 31 - Jun 2 & I may be completely wrong. Honestly, in My opinion Timing the Markets don't even matter unless you trade options. If we don't see a close above 9580's 9600's , Mostly we will be retesting the 9500's zone before the further upmove towards 9750's. This can be used as positional setup but go as per the timeframe you use to trade, look out for possible trade-setups.
What I have mentioned on the chart is an approx. idea of how you can go in, that doesn't mean - its perfect entry, that's just My Plan. In the same way, you will be having an idea based on timeframe you use or trading method. Let's see whether we are right on Time...
Just based on few presumptive reasons, I ascertain Nifty will reach out to 9750's zone between May 31 - Jun 2 & I may be completely wrong. Honestly, in My opinion Timing the Markets don't even matter unless you trade options. If we don't see a close above 9580's 9600's , Mostly we will be retesting the 9500's zone before the further upmove towards 9750's. This can be used as positional setup but go as per the timeframe you use to trade, look out for possible trade-setups.
What I have mentioned on the chart is an approx. idea of how you can go in, that doesn't mean - its perfect entry, that's just My Plan. In the same way, you will be having an idea based on timeframe you use or trading method. Let's see whether we are right on Time...
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