i sold my portfolio near 80percent in this recent up move as the markets head higher and higher i sold on every rise and will not buy rather i am looking to buy some july or august puts as the hype rises the upside gets limited todays candle that is 30 may is a bull trap in my observation till now the market was a bear trap market but now in my view it is a bull trap market time for trapping the bulls have come.
the fib extensions are in my view the max possible move and the final upmove here as long as nifty is trading above 18580 then 18832 is target and cannot be ruled out and now the time has come to be most cautiuos.
the final points of the upmove is here in my view an over extended markets are in front of me
super bullish in index and in stock prices not so much
till the advance decline ratio is holding up there is no need to create short position
but sell on rise and buy on dips is my main trading and investing style
and even if 18832 is broken i can see targets of 19228 on nifty but i am not buying now as this not a time to be buying rather getting some cash from your trading stocks depends on them individually whatever the index is doing there are some stocks depending upon price action you should never sell because of the rise in index
but at this level i am happy to go in cash rather than stocks the time will come again when everybody goes bearish and gives targets of 12000 on nifty then this cash that i am able to get by selling my holdings now will be the right time be deployed
the fib extensions are in my view the max possible move and the final upmove here as long as nifty is trading above 18580 then 18832 is target and cannot be ruled out and now the time has come to be most cautiuos.
the final points of the upmove is here in my view an over extended markets are in front of me
super bullish in index and in stock prices not so much
till the advance decline ratio is holding up there is no need to create short position
but sell on rise and buy on dips is my main trading and investing style
and even if 18832 is broken i can see targets of 19228 on nifty but i am not buying now as this not a time to be buying rather getting some cash from your trading stocks depends on them individually whatever the index is doing there are some stocks depending upon price action you should never sell because of the rise in index
but at this level i am happy to go in cash rather than stocks the time will come again when everybody goes bearish and gives targets of 12000 on nifty then this cash that i am able to get by selling my holdings now will be the right time be deployed