It was written in the month of December 2022 that there is no chance of a big move till March 10th, 2023 and it worked very well. https://rkarora.wordpress.com/2022/12/30/nifty-50-in-a-sideways-trend-forming-a-flag-pattern/ “How long will it take to remain in a sideways trend? I don’t know, difficult to say. Indian central budget is just a month away. Will it play a powerful trigger? Time will answer it, One strong trigger date is March 10th, 2023. Equity markets may open up their wings to fly for a few large swings. It is just an observation. It may or may not work, but yes, it’s an alert.”
And the action started on March 10th, 2023. A big fall in Nifty and Bank Nifty just in a week and from there started the bull move which lasted till this week. A move from the level of 16800 to 19500 in just 3 months in Nifty 50.
Now the question is will the markets take a rest for some time or there will be a continuation of the trend or reversal will take place. According to my opinion, chances are that Nifty may fall in a range. The probability is very high that the next move in Nifty may be sideways for some time. It is just guesswork, may or may not hold good. We can’t dictate the markets.
In the last 3 months, weekly trading levels performed very well. The fact is weekly or monthly trading levels are performing for the last many years. Unbiased trading with a small stop loss and holding positions for big gains is always rewarding. Riding the winning trades and cutting off the wrong trades.
I have tried to explain why investors don’t put money into stocks when the 2020 kind opportunity is available through a very nice story. I believe you will like this attempt. https://youtu.be/fWH496e4bRs
Thank you, Students, The views on the YouTube channel crossed the level of 1 million.
Disclaimer: The intention of this video presentation is not to forecast the future movement of various financial markets. This presentation is not a subscription service. It is a free service. These presentations are written with the purpose to educate the reader on the different subjects of finance – Fundamental Analysis – Technical Analysis – Financial research – Gann studies – Derivatives – Future and options – Financial Management – Economics and financial forecasting studies, economic factors, or the concepts. Neither assurance as to the accuracy of this post is being made here nor of any post published on social media by the author of these presentations/posts and the other related posts. Any decisions in financial markets are solely the responsibility of the trader or the investor, and the author/presenter takes no responsibility whatsoever for anyone’s trading or investment decisions. Commodity, equity, currency futures, and options trading are considered highly risky.
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