Dear Investor,
The equation is changing. Easy money is leaving the market. Check the following chart of US Dollar. Observe the volume for past three days. Huge jump in volume. I think people are expecting something strong from FED meeting tomorrow. That will either make or break the markets. If you can wait for tomorrow before making your trades it should help. Market is not going anywhere. It will always be there for you to play.
If US Dollar accumulation trend continues, I guess not very good for stocks.
I do not give intraday trades at this blog site. I do not have equipment and resources to do it. My analysis is end of day. It is for short to medium term investor. Since the market is not in good health, I have not posted any tips lately. Lets miss some gains when we don't understand the situation. I have had few people desperately looking for tips, unfortunately its not the good environment to do it. Desperation will cost you too much money. Investing is an art to enjoy. The one who panics or gets excited or gets desperate will be used by the market and eventually be punished for not having emotion control.
We will get excited when the equation changes.
NIFTY has touched 50 day moving average line. Check the green line on NIFTY chart
We will know if it holds it or breaks it in next two days. Standby and meanwhile go out and enjoy life.
( Those people who are in for more than 2-3 years and have stocks of good companies should not panic and sell out soon. Market has not given any crashing signals yet. We are well above 150 day moving average line. Do your analysis and take good decision )
Thanks
Anil
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LIVE NIFTY CHART (Spot the buy point)
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