Markets are Looking A Bit Stretched

Open ZERO Brokerage FREE Share Trading Account - Buy and Sell Stocks Without Brokerage - Set GTT (Good Till Triggered) Orders on System and Forget

Date: 02-March-2017

9000 may be touched soon, but Nifty is looking a bit stretched. This has happened after Trump speech. This can be said as emotional reaction to his emotional speech.

In my experience stock markets do not run on emotions for long. Once 9000 is breached, a lot of people will start booking profits and Nifty may fall. So chances of fall after 9000 is breached is more than Nifty crossing 9100.

Why do I think so?

Because in the ground there is no dramatic change in the profit statements of most companies. In fact in India after the demonetization of Rs.500.00 and Rs.1000.00 notes many companies suffered losses or got lower business than usual. Things are normal now, but it will definitely show in the next two quarterly results. GDP will also come down this financial year.

Here it is, Nifty fell after hitting almost 8985 today – 02-March-2017. This is image of Nifty closing on 02-March-2017:

Nifty Close 2-Mar-2017

I am sure all Technical Analyst must be saying that Nifty will go even higher. I am not a TA, I just look at how Nifty behave as per the economics of our country and trader’s mindset. 🙂

Disclaimer: This is not an investment advice to go short in the markets. I am not an investment advisor. If you want to take any investment decision please do thorough research before investing in any stock or take advice from authorized investment advisors. Stock markets investments are subject to market risk please invest with proper research.

Even if you want to trade on your own it is better to get good education in stock trading and then trade properly. Of course like our school and college education, no good education comes for free. Its good to invest to learn and trade or invest, rather speculate and invest.

To help you become a better trader and investor I offer two online courses which you can do anywhere from your home:

1. Conservative Option and Futures Trading Course for Short Term Derivative Traders.

2. How To Invest Well & Retire Rich for Long Term Investors.

If you are interested to know about these courses please contact me.

COPYRIGHT INFRINGEMENT: Any act of copying, reproducing or distributing any content in the site or newsletters, whether wholly or in part, for any purpose without my permission is strictly prohibited and shall be deemed to be copyright infringement.

INCOME DISCLAIMER: Any references in this site of income made by the traders are given to me by them either through Email or WhatsApp as a Thank You message. However, every trade depends on the trader and his level of risk-taking capability, knowledge and experience. Moreover, stock market investments and trading are subject to market risks. Therefore there is no guarantee that everyone will achieve the same or similar results. My aim is to make you a better & disciplined trader with the stock trading and investing education and strategies you get from this website.

DISCLAIMER: I am NOT an Investment Adviser (IA). I am an Authorized Person (AP) of a Stock Broker. I do not give tips or advisory services by SMS, Email, WhatsApp or any other forms of social media. I strictly adhere to the laws of my country. I only offer education for free on finance, risk management & investments in stock markets through the articles on this website. You must consult an authorized Investment Adviser (IA) or do thorough research before investing in any stock or derivative using any strategy given on this website. I am not responsible for any investment decision you take after reading an article on this website. Click here to read the disclaimer in full.

Disclaimer | Privacy Policy | About Me | Conservative Option Course
Find 200+ testimonials of my course:
What Traders Say About This Course

My student gets the Winner's Certificate of Zerodha 60-day Challenge - Click here and Open Stock Buy and Sell Free Account with Them Today!!!

Open ZERO Brokerage FREE Share Trading Account - Buy and Sell Stocks Without Brokerage - Set GTT (Good Till Triggered) Orders on System and Forget

Traditional brokers charge a lot for brokerage; however, this broker does not charge anything for stock buying and selling. Also, you can set GTT (Good Till Triggered) order after buying a stock, so that the system can sell the stock automatically at your target price even if you are not monitoring the market. Only 25k is blocked for option selling with hedge. Also, you get a lifetime free account in Sensibull (virtual trading app & strategy builder) which charges Rs.800/-+GST a month. It takes 5 minutes to open an account online. Click here and Open Free Account with Them Today >>