The Nifty gets a shock on one trading error. It is best to wait out for a day.
As discussed on Friday, we expected the Nifty to be up up and away. The Nifty started off well and we expected it to carry on mounting higher, however, one trading error ( One basket order of sell at market ) not only shattered all the technicals on the Nifty, it may have also did some damage to the underlying sentiment. However, at the EOD the Nifty seemed to gather some semblance, and closed at 5747 with a loss of 41 points.
We would like to ignore the technicals for a day, and let them thrash out themselves during today's trading session, and then move onwards.
We are taking a day off from trading today. However, we are carrying on with our positional longs until the Nifty looks like closing below 5700 today.
Happy Trading !!!
Also follow JustNifty and NiftyRange blogs for more action on the Nifty.
For cash market recommendations see our Daily Pre Market calls on NSE
As discussed on Friday, we expected the Nifty to be up up and away. The Nifty started off well and we expected it to carry on mounting higher, however, one trading error ( One basket order of sell at market ) not only shattered all the technicals on the Nifty, it may have also did some damage to the underlying sentiment. However, at the EOD the Nifty seemed to gather some semblance, and closed at 5747 with a loss of 41 points.
We would like to ignore the technicals for a day, and let them thrash out themselves during today's trading session, and then move onwards.
We are taking a day off from trading today. However, we are carrying on with our positional longs until the Nifty looks like closing below 5700 today.
Happy Trading !!!
Also follow JustNifty and NiftyRange blogs for more action on the Nifty.
For cash market recommendations see our Daily Pre Market calls on NSE
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