Today Nifty opened gap down heavily and went down upto 300 points approx and then recovered with close at 10234
Here is the exact reason why it happened (click the link below)
Sensex plummets 760 points as Trump's 'crazy' Fed comment hits Global Market
In short the reason was interest rates by Federal reserve bank and the Trump comment about it.
As my analysis and predictions are purely based on technical and charts, it can not include the effect due to any negative or positive news. So my first prediction of Nifty moving above 10460 went wrong. As this news was overnight development I immediately updated my blog in the morning at around 8 am.
Today was actually buying opportunity for good stocks for long term
Today I recommended to buy ITC, Bajaj Finance, Maruti, HPCL for long term. You can study these stocks and buy tomorrow if you can get a good low price. I do have them in my portfolio.
During my study of charts I noticed that I missed a good opportunity of buying Graphite India stock on Oct 9, as there was strong buy signal in the charts, the stocks has moved up last 2 days with 5% upper circuit limit. Let us see whether tomorrow I can get chance to buy this stock or not.
My prediction for crude was correct - it moved down - Brent crude current price is below $81
My prediction for rupee was correct - Current price for one USD - Rs.73.79 - went below Rs.74
Disclaimer - This article is for study and knowledge purpose only, please take advice of your financial adviser before investing or trading.
Here is the exact reason why it happened (click the link below)
Sensex plummets 760 points as Trump's 'crazy' Fed comment hits Global Market
In short the reason was interest rates by Federal reserve bank and the Trump comment about it.
As my analysis and predictions are purely based on technical and charts, it can not include the effect due to any negative or positive news. So my first prediction of Nifty moving above 10460 went wrong. As this news was overnight development I immediately updated my blog in the morning at around 8 am.
Today was actually buying opportunity for good stocks for long term
Today I recommended to buy ITC, Bajaj Finance, Maruti, HPCL for long term. You can study these stocks and buy tomorrow if you can get a good low price. I do have them in my portfolio.
During my study of charts I noticed that I missed a good opportunity of buying Graphite India stock on Oct 9, as there was strong buy signal in the charts, the stocks has moved up last 2 days with 5% upper circuit limit. Let us see whether tomorrow I can get chance to buy this stock or not.
My prediction for crude was correct - it moved down - Brent crude current price is below $81
My prediction for rupee was correct - Current price for one USD - Rs.73.79 - went below Rs.74
Disclaimer - This article is for study and knowledge purpose only, please take advice of your financial adviser before investing or trading.
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