NIFTY UPDATE

NIFTY after looking at todays intraday move reeders should have understood why setup demanded a cautious approach at higher levels.
see frankly it’s not an easy MARKET to trade,
there are certain calls which we have to take in real time based on INTRADAY formations.

As I explained few days back it’s a MARKET simillar to 2022 which was traders paradise,
wide and volatile INTRADAY moves would keep coming on every other day.
This same volatility would make next week even more critical.
So based on the current structure higher highs are not BULLISH and LOWER LOWS which holds 21,600 wont be considered as massively BEARISH.
Just trade the SCREEN for 100 to 150 points for INTRADAY gains.
or go for protective PUTS.
On NIFTY there is a tussle between BANKS verses AUTO and RELIANCE so a clean one way move is extremely tough to have.
In short have to remove the BIAS from trades to make MONEY.