October is not over yet. Just enjoy the voletile swing of Markets. As I mentioned repeatedly about the impact of Time on prices. Till the end of this month. So far markets are finding tough to hold their ground specially the Markets in west of our planet. The Intresting point is the remarkable under performance of developed markets or the out performance of our markets. Whichever side we prefer it. Yes there are reasons with Western markets for decline. But their cycle is at a break away point.
As I suggested earlier as well until the event of Election doesn’t get away it wont make sense to create any large positions on Futures or Options. Though the view is positive but still would take very nominal risk and leave that Trade till next expiry. Until markets gets clarity it’s better to keep intraday or select stocks which have clear vibration pattern and hold them in cash. Nothing wrong in preserving our Trading Capital. Because we Must Trade to liv a better life we should not liv to trade. I still remember the action from 2016 so would use that experience this time.
Last time I shared on the undertone of market which so far is still positive. But the key zone is 11470 to 11500 on spot lot will depend on this range. If it holds we would test January highs in November and if it breaks the wait would get longer and a free fall is expected. Yesterday DOW broke the lows of September which is a cause of concerne. But NSDQ is still holding sep lows. The sep low on NIFTY is 10790 so understand the importance of 11470 to 11500 range. If you are a conservative Trader then avoid Trading till 2nd week of November. Because market would be voletile till 31st October due to Time Cycle. And we have Elections there after. These are intresting Times to be the part of Markets for all of us as Traders as well as Investors. Extraordinary lessons would be learnt during these time.
Disclaimer views expressed above are personal. And are Subject to change with time. Any Trades taken with reference to above Analysis has to be at your own risk. Trading in Financial markets is always subject to risk. So dont forget to consult your Financial advisor before taking any trades.
gann,insides 