Hi,
I am new to Traderji and this is my first post. I have been investing in stocks and MFs for awhile now. Derivatives is my recent venture. My portfolio is diversified through equity, equity MF, Debt MF, Liquid MF and now I have set aside some amount for options and futures trading.
In the first week of September I thought market was bearish and would go down to 4300 levels. But it shot up so quickly that I had to book loss in some positions. But now I feel that there is a strong resistance at 4970 for NIFTY.
Monday being holiday in India would put pressure on traders on Tuesday through Thursday. US markets and then Asian markets of Monday and Tuesday would be critical.
I see markets to be at 4850 or below on 24th.
I would love to get your comments.
Rahul
I am new to Traderji and this is my first post. I have been investing in stocks and MFs for awhile now. Derivatives is my recent venture. My portfolio is diversified through equity, equity MF, Debt MF, Liquid MF and now I have set aside some amount for options and futures trading.
In the first week of September I thought market was bearish and would go down to 4300 levels. But it shot up so quickly that I had to book loss in some positions. But now I feel that there is a strong resistance at 4970 for NIFTY.
Monday being holiday in India would put pressure on traders on Tuesday through Thursday. US markets and then Asian markets of Monday and Tuesday would be critical.
I see markets to be at 4850 or below on 24th.
I would love to get your comments.
Rahul
