The market is opening with a significant +50 points gap up.
Yesterday’s “SELL ON RISE” view did not play out as expected, especially since #NIFTY breached 21385. This breach was highlighted in the Market View video with a clear recommendation to avoid short positions.
Indices exhibited a sideways movement yesterday, and with tomorrow being the monthly expiry, there’s added uncertainty in the market.
Today’s recommended approach is a “wait and watch” strategy. Trading decisions will be made based on observed levels and market dynamics. It’s essential to remain vigilant and responsive to the unfolding market conditions.
Given the volatility and uncertainties, adapting to real-time market movements and making informed decisions based on observed levels becomes crucial.
✔️ Consider writing a blog post to provide more detailed insights and analysis. This can include a review of recent market trends, the impact of key levels, and strategies for navigating the current market conditions.