Nifty Today’s Trend, Prediction, View, Target 30th Nov
Nifty trend today was bullish perfectly along expected lines, regular readers of this website are well aware that we have been advocating a buy on dips strategy from around 10100 levels when everyone was bearish and everyone was talking about lower levels, rather we were the only ones who were predicting and were of the view that buying will make money and not selling at around 10100 levels and our predictions and view has once again proven correct perfectly and Nifty has now achieved our first target of 10850 spot Nifty levels. There was lot of short covering which was visible today and most of the general public and janta have now started to turn bullish and positive on the Indian stock markets. Keep in mind that these are the same people who were very bearish at 10100 levels. Anyways that is what keeps taking place in the market when majority become bearish market moves higher and when majority turns bullish and euphoric markets move lower.
Nifty is now at a critical juncture and we will update all details as to what to do from here to our clients. From time to time we will keep posting our overall view here but for the time being we will update the next round of strategy to our clients. There are many events coming up in the next few days so be careful and trade properly with appropriate risk management in place. Please do not over trade and always keep your risk in check before trading. As per my analysis, prediction, view trend for now remains up and our immediate targets have been achieved but taking into account the series of events coming up it will be prudent to review the strategy for the time being. Details of the strategy will be shared with our clients.
Good Trading To You!