NIFTY has given a close at 8361.05. We have come to a
long way from the level of 6000 to 8400 almost. We have completed the journey
of 2400 points in NIFTY in just 9 months. Superb performance. As we are stating
past few days, rally continues. Long position is still on hold. The targets are
achieved as stated in previous post.
Now there is a time to analyze the market and take a
pause to think about the new moves. Well, this re-thinking
does not mean that
the uptrend is coming to an end. But as we all know, no trend is permanent, so
does this trend also. We have already entered into a long bull run, but we will
face many ups and downs in this Bull Run.
There are fair chance that we might see a sideways
market and with a bit negative bias too. What will happen and how to move, that
will be posted here on day to day basis. But apart from that, in general, the
trend will be taking a pause from 15th of November, 2014 to 29th
of January, 2015. These are just an idea of a trend behavior during this 2 ½ month’s
time. This may change and if it does, a time to time recommendation will be
posted here on regular basis as usual. But a CAUTION is definitely indicated
from any big long positions in NIFTY from 15th of November, 2014
onwards.
All the longs must be accompanied by a strict Stop
Loss. No matter, whether we see a negative bias or not in the market, Stop Loss
can be proved as a life saving tool. Even though, this is just an idea and a
personal opinion, keeping this in mind and behave cautiously will not make any
harm. In fact, it will enhance the profit.
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