Nifty May Slip to 5400 Lever in Future.
Indian stock market may crash once again like past year oct.
Online, November 20, 2013 (Newswire.com)
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As we seen the huge selling at the higher price in national stock exchange benchmark nifty. This bear trend may be stable in coming days. so be aware from any new long positions and if you are in the long position then please must use stoploss.
As a owner of Tradeniti - The Best Hindi Book Written on Share Market i suggest to do not invest in indian share market right now. this may result in a big mistake. actually indian economy is facing problems. Import is higher then export, current account deficit and not having a fullproof plan of growing. thus consider of selling when nifty breaks bellow the support level of 5500.
its always a good idea to stay aside from the herd and listen the vice of your instinct. and follow the trend. use stops and targets to easily enter and exit. do proper analysis. and only then thing about trading. as standerds and poors was worned that he may reduce the ranking of india so every longterm investor must have to be aware. anyway right now nifty at consolidation and this level may stay for constant for this month. as a technical analist i suggest to go fro short when ever you see the weak rise in nifty. its good to be aware about what is the trend, how much volume and also what is the sentiment of the investors.
Yuvraj Kalshetti
well coming month may suggest some fresh ideas about what is likely to come.
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Tags: BSE, commodity, currencies, india, niti, NSE, share market, Trade