Nifty Today’s Trend, Prediction, View, Target 4th Jan 19
Nifty today’s trend was once again bearish and perfectly in line with my prediction, view. As per my Nifty trend analysis my prediction and view remains that we are heading for lower targets, please keep in mind that I am not suggesting for even one minute that pullbacks can’t come or that the move will be one sided lower there will be pullbacks from time to time and I am not contesting that however since Nifty main trend is lower and is in a down trend once those pullbacks are done we will keep seeing downside pressure and that will eventually take Nifty and Bank Nifty as well as portfolios lower so being invested or buying on dips for the time being should be avoided till the time you do not see deep value or compelling buys in the Indian stock market. Those who are trading only on the basis of this post please use your own risk management and please always keep your risk in check and please do not over trade and keep in mind to be very nimble footed over the next few trading days because we will guide our clients as to when and where to get out of shorts or even build longs but those traders or investors who are only following this post may miss out or rather even get trapped in a counter trend move so those who are not our clients and are only trading on the basis of this post please keep in mind to be very nimble footed Indian stock markets could start some surprising moves in the coming days.
Rupee has now started its move towards 75+ yes from time to time RBI will keep intervening to control the depreciation but the charts are showing and suggesting that Rupee has started its move towards 75+ so we do expect rupee to keep making higher tops and higher bottoms and keep moving higher towards 75+ how much more higher it will go beyond 75 that we will review at a later stage however keep in mind that the best of the stable currency game is done and is in the price for now.
Good Trading To You!