Crude - Follow Up

Crude international price no change in the status....

So...let us wait for confirmation of uptrend......till then.....wait / relax....

Take Care...

Nifty - Technically Manipulated

We thought  this  manipulation  will  happen  tomorrow....but.......good gap up and.not sustained, first five minutes candle closed (future) at 9128.20.....

Nifty not able to cross and close 9128.20.....fully  supplied and poor intra day players assumed....like last RBI policy nifty will go up as usual....but...nifty has shown the other door.....See the below chart......see how exactly level are playing crucial role....doing trade everyday based on assumption...in one trade you will lose your capital alongwith what ever you made alreaday..

So, always wait for opportunity and trade...otherwise....your pocket will be empty one day for sure..

Take Care....

RBI Cuts Repor Rate to 7.5%

This is the second time RBI governor announcing rate cut....not in scheduled RBI meet....we are also following international (manipulation) norms...to support overseas players and least bothered about small traders....

Anyway our trade in Nifty (we are in "Buy") is not in the wrong track....so we are least bothered what RBI says and do...

Message is, in future...small investors can't believe our institution to trade in overnight positions....

Today it may be benefited for some...tomorrow it may be a disaster for traders trading without any patterns and levels...

If we go by EOD levels...this RBI news no way get affected and definitely we will not be in the wrong trend..

So...understand and trade with proper level and guidance...