NIFTY COMMENTARY by Kiran WEEK 7

Hi Friends,

What a amazing last week. Nifty gave 5% return in one week. It broke the long term down trend line with ease. it is very very bullish sign.

I gave the stop loss for shorts last week which is 11525. Now my view is changed from bearish to bullish.

Remember a trader must change according to market conditions.

AGILITY IS THE KEY, ADOPTING NEW CONDITIONS WILL MAKE YOUR TRADING CAREER STRONGER.

Then the stop loss for bulls now is 11584 on closing basis.

You may think it is too far (3.2%) from current levels. But we need to know where we are wrong.

This week my option is 2 BUY HOLD.

Your Humble trader
KIRAN

---------------------------------------------------------------------
follow my profile for new trading ideas (kiransunku2016)
---------------------------------------------------------------------
The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
--------------------------------------------------------------------