Nifty 50 outlook
Euphoria phase is completed in the Market Sentiment Cycle
On 25th Oct. '24 Nifty RSI has closed below 30, we may see a bounce during this week or next. But this will only be a bull trap.
Once 23,800 is taken out decisively on the down-side, then before the end of Dec. '24 we will see Nifty test 22,700-23,500. I'm still holding 30% cash from the stocks which I exited on 11th Oct.
Only once Nifty tests 22,700-23,500 I will assess the situation to buy or keep holding cash. For me this is currently a "No Trade Zone".
On 25th Oct. '24 Nifty RSI has closed below 30, we may see a bounce during this week or next. But this will only be a bull trap.
Once 23,800 is taken out decisively on the down-side, then before the end of Dec. '24 we will see Nifty test 22,700-23,500. I'm still holding 30% cash from the stocks which I exited on 11th Oct.
Only once Nifty tests 22,700-23,500 I will assess the situation to buy or keep holding cash. For me this is currently a "No Trade Zone".
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.