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As mentioned in the last post markets may remain sideways for months till March 10th, 2023, and thereafter will open up their wings to fly in a direction. https://rkarora.wordpress.com/2022/12/30/nifty-50-in-a-sideways-trend-forming-a-flag-pattern/
March 10th worked as rock, unbeatable, unbelievable, incredible, and matchless. Now onwards swings maybe 900 to 1500 points or more in one direction if I look at Nifty 50. March 9th the price of the Nifty 50 spot was 17772 and just after 6 trading days formed the low of 16850. That was an ordinary move only in the index of Nifty 50, go and check the charts of Gold, Silver, Nasdaq 100, Microsoft Corp., US 10 years T-notes, GBPUSD, and Bitcoin BTCUSD, what a strong rally established in all mentioned assets. All these mentioned assets set the sharpest rally of the last few months. On the other side, UK100, Nikkei 225, Reliance Industries, and DAX of Germany dropped in the period of March 9-10 to March 17 and dived sharply. Now onwards slowly speed of the moves may increase and after a month or so can witness a strong move. It is an opinion and the same may or may not hold good. This opinion is just for my record, not a suggestion or advice. The suggestion to all my students is just to follow the price and price action to identify the trends and the reversals.
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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