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Please read my yesterdays article: Markets are Looking A Bit Stretched.
The highest it reached yesterday was 8985, then a fall.
See this NSE close 02-Mat-2017:
Right now it is at 8874 (11.30 am, Date: 30-March-2017). This has happened earlier too.
8000 a big support for nifty comes true
Even though I feel fall will not be sharp, so it is better to trade non-directional strategies. You can learn non-directional strategies in my conservative options course.
The idea is to trade in the correct way with proper hedge and not go by what science or astrology says about the markets.
Stock Market And Options Trading Is Not Astrology or Science
Neither Science Or astrology has anything to do with Markets.
I read a lot of websites daily on stock markets. Most of them said 8950 is a very strong level for Nifty to cross. If it crosses then there will be a sharp breakout on the upper side which may take Nifty up to 9200.
But as you can see the ground reality was totally different. Nifty does not know the difference between 8950 and 6950, it is just a software to manage trades. It can neither push itself higher nor push lower. It can only do what the traders do that is all.
If trading was science technical analysis would be a subject of specialization in engineering colleges. Fact is it is not. Stock market trading is not science. Of course there are some technical terms that are used to define what it is – like support, resistance, PE ratio etc. But trading is not science, its a completely different game altogether.
Traders mind set and Economy of a Country Has to Do with Markets
Some people go by astrology to trade. Really? What has the position of The Sun, Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune or Pluto has to do with stock markets? Nothing.
Their positions, shapes or sizes cannot do anything to stock markets. Please do not trade according to astrology.
Astrology trading is same as speculative trading. Do not follow Astrology Trading.
One person called me yesterday and said he will pay me today. When I asked why, he said because tomorrow will be 03-03, an auspicious day according to astrology because it is 3 and 3.
I am sorry if you are reading this but frankly 3-3 makes no sense as far as stock markets are concerned. If it was something personal then fine I am ok, but if the thinking was that astrology will help you to make money in stock markets, then no you are wrong my dear trader.
Please do not take it negatively, I am only saying what my experience says.
When you pay for my course you not only help yourself, but help me to keep working hard to keep writing and helping other gain trading knowledge through my blog, It is obvious my time does not come for free neither money to keep this site up and running.
So thanks to all who have paid for my course, I will keep writing as along as possible in the site.
Payment detail for my course is here.
Conservative Option Course Details is Here.
Happy Trading Everyone.
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