Nifty Prediction 18th Dec 19
Yes I am updating after a long time was busy with some risk-free products of ours like usdinr hedging and slb trading. Anyways let’s get straight to the point (I will be updating on Nifty more regularly now)
Nifty hit fresh lifetime highs despite all the bad news flow like higher inflation, low GDP growth and as of now Nifty is being held by some heavyweights and has been in an uptrend. So since the trend remains up until and unless we see a reversal in the charts there is no point in short selling and again I am saying unless the trend reverses. So till then keep taking small stop loss points or low-risk entry points to enter the trend and keep booking profits also at regular intervals because the structure and the macro picture does not look great but till the time the party goes on keep trading on the long side with small stop loss points.
Nifty prediction trend is up and wait for reversal to short sell for the time being just keep taking low risk entry points on the long side from a traders perspective. We will keep updating more on what we see on macro and other aspects during the next few post.
Good trading to you!