Hi Raunak,
In ur Advanced Trade u have mentioned the below thing.
As I dnt have access to post there I want to put this here, to get my doubts clarified.
"
VJAY,
Markets have to stop falling first and then reverse back to buy levels.
I think this will take some time. Also, RSI trading to the range of 36 -40 is fine. But once it starts going below those levels, we will have to review our stance and look for next retracement up to sell into. "
How we identify at which level we need to initiate out Shorts? As currently Nifty is below 50 MA. What if it does not retrace and keep falling from here ?
In ur Advanced Trade u have mentioned the below thing.
As I dnt have access to post there I want to put this here, to get my doubts clarified.
"
VJAY,
Markets have to stop falling first and then reverse back to buy levels.
I think this will take some time. Also, RSI trading to the range of 36 -40 is fine. But once it starts going below those levels, we will have to review our stance and look for next retracement up to sell into. "
How we identify at which level we need to initiate out Shorts? As currently Nifty is below 50 MA. What if it does not retrace and keep falling from here ?