nifty outlook

THE OUTLOOK

· I have been mentioning since the beginning of the 4^th phase about its characteristics of being volatile & time consuming.
· Due to the 3^rd extended decline, the range of the 4^th phase is handsomely big.
· Option traders should hold patience because opportunity will follow soon.
· Traders should avoid any positional strategy for the time & focus on daily affair in stocks.
· Positional trading recommended only in selected stocks.
· For Today even if a new low is witnessed, any short side strategy would prove harmful. Bright chances of a corrective pull back on the cards.
· Remember, market is weak on the whole & more severe weakness would be witnessed in coming days, but for the moment it is all about how well you deal with the current 4^th phase of volatility.
· Happy Trading.