NIFTY - Market Structure Analysis 12/24/2021
Hello Traders,
End the year strong and most importantly in confidence. Profits/ Loss for this year is just a byproduct of our trade execution. Expect to see a little volatile direction less market.
We have strong buyers entering the markets. Expect them to accumulate in a range for a period of 4 to 6 weeks before they make a move upwards.
Any other upside move before any signs of accumulations (trading range) is high likely to reverse and further correction can happen.
I would recommend you to reduce your position size, number of trades & capital per trade to half of what you usually trade with over this holiday period.
Good luck! Happy holidays and wish you a great year coming ahead!
End the year strong and most importantly in confidence. Profits/ Loss for this year is just a byproduct of our trade execution. Expect to see a little volatile direction less market.
We have strong buyers entering the markets. Expect them to accumulate in a range for a period of 4 to 6 weeks before they make a move upwards.
Any other upside move before any signs of accumulations (trading range) is high likely to reverse and further correction can happen.
I would recommend you to reduce your position size, number of trades & capital per trade to half of what you usually trade with over this holiday period.
Good luck! Happy holidays and wish you a great year coming ahead!
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