Today 
NIFTY reacted exactly the way we predicted yesterday, which clearly shows the market is regaining good health for our setups.
From here on, our Shakeout and Momentum setups should start working well again.
Nifty’s Pivot has now climbed to 25620 — this will act as support for tomorrow. If we get an entry near this level, buying would be a wise move.
PP is quite good, meaning the move ahead will likely be sharp.
Retailers’ psychological index also moved up, but breadth hasn’t improved yet.
Trend hasn’t turned positive either, as Nifty’s health still sits in the Red zone.
However, intraday momentum has improved.
Considering all these points, stock picking will be challenging right now because the market trend is still down while the index is showing strength. We’re back to that classic phase again — “Index up, but stock breakouts failing.”
However, sector-specific plays will shine. Stocks like #SCI from the shipping sector look strong — that’s where smart money rotates. It’s always the strongest stock in the strongest sector that leads the next wave.
Pharma and Energy sectors are also showing slow but steady buildups.
That’s all for the day. Take care and have a profitable tomorrow.
NIFTY reacted exactly the way we predicted yesterday, which clearly shows the market is regaining good health for our setups.From here on, our Shakeout and Momentum setups should start working well again.
Nifty’s Pivot has now climbed to 25620 — this will act as support for tomorrow. If we get an entry near this level, buying would be a wise move.
PP is quite good, meaning the move ahead will likely be sharp.
Retailers’ psychological index also moved up, but breadth hasn’t improved yet.
Trend hasn’t turned positive either, as Nifty’s health still sits in the Red zone.
However, intraday momentum has improved.
Considering all these points, stock picking will be challenging right now because the market trend is still down while the index is showing strength. We’re back to that classic phase again — “Index up, but stock breakouts failing.”
However, sector-specific plays will shine. Stocks like #SCI from the shipping sector look strong — that’s where smart money rotates. It’s always the strongest stock in the strongest sector that leads the next wave.
Pharma and Energy sectors are also showing slow but steady buildups.
That’s all for the day. Take care and have a profitable tomorrow.
TrendX INC
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TrendX INC
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.