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Date: Dec 21, 2016
8000 Is a big support For Nifty because when it breaches a psychological level, greedy traders come in and start buying stocks to take Nifty high.
If you refer my previous emails you will see that I had written that 8000 is a big support for Nifty. It is very hard for Nifty to break 8000 on the downside because there is no big negative news except demonetization that the market has already factored in. Moreover greedy traders come in and start buying stocks to take Nifty high.
The reason why it is not going up fast in spite of US stock markets hitting all time high is the liquidity is low. The retail traders are busy taking money out from the banks and put food on the table. Right now getting and buying the essentials of living a life is more important than investing money in stock markets.
Once this demonetization effect gets over people will once again start investing in stock markets. I do not feel that day is very far as now days you do not see long queue in the banks.
Until the cloud does not get over there is going to be no trend in the markets. The best trade to do now is the non-directional strategies in my course.
It is really a tough time for directional traders and I am sure they must be losing money now as there is no trend at all in markets. In fact if you look back you will see that 80% of the times there is no trend in the markets.
So non-directional traders make money 80% of the times and directional traders make and lose money 20% of the times.
Why Most Traders Then Do Directional Trades Only?
Because most traders think only way to make money in stock markets is to trade the direction. I am sure more than 80% just do not know that there is something called non-directional trades that makes money when Nifty just does not move much.
Another reason is greed. Some of them know there are non-directional trades but it makes less money though safer than directional, but unfortunately greed takes over and to make more money in less time try the directional trades and lose money.
Those who have done my course non-directional trade Strategy 1 is the best to do right now. Keep looking at profits according to the course and exit when you reach the desired target.
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