Nifty had little up move today. In general context, we are still in the lower high kind of a market where market is struggling to make higher highs and supply is overruling the demand.
I see very light positive movement in this market. In order for market to bounce back, this market needs a strong positive momentum or it will most likely consolidate in the range I showed yesterday (link).
Overbought-oversold ratio hasn't changed much.
Looking at the above things, I believe, Nifty hasn't finished consolidating yet. We will see ranges until we finally funds getting what they want and after that market will be ready to make its move.....
As I said it before, we have a huge move waiting in this market...... so be prepared and keep your eyes and ears open....as soon as market starts moving.... we need to be fully invested to take the maximum profit at the bank..... till then.... keep reading and keep learning.... and don't let your emotion take over you...
I see very light positive movement in this market. In order for market to bounce back, this market needs a strong positive momentum or it will most likely consolidate in the range I showed yesterday (link).
Overbought-oversold ratio hasn't changed much.
Looking at the above things, I believe, Nifty hasn't finished consolidating yet. We will see ranges until we finally funds getting what they want and after that market will be ready to make its move.....
As I said it before, we have a huge move waiting in this market...... so be prepared and keep your eyes and ears open....as soon as market starts moving.... we need to be fully invested to take the maximum profit at the bank..... till then.... keep reading and keep learning.... and don't let your emotion take over you...
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