So traders should understand that the market momentum is on the upside. I hope you have long positions. If not, even at current levels long positions are justified because the target for this momentum driven rally should be about 5,600. So there is more room on the upside.
this was told by mr sukhani, technical analyst on 16th august in money control
let us see what happens before expiry how they make us clowns
on 16th august 5350 range today 28th also same.where is 5600?
today nifty is at 5320 range. today he is saying as below
We took some small short positions on Monday. I think we will add to these positions today on a rally. This is now a market that appears to be a sell on rallies market. We need to have protection, anything can happen. It’s not confirmed yet. So, 5,400 is the level above which we will say maybe this is still in a trading range. That’s the closing level. Till then try to sell. That’s the way it should be.
same sukhani how making us clowns