Stock Market

17.03.23

Happy Day Today as Always

Yesterday, Market staged a smart recovery from lows exactly as Expected.

I missed out on one very important point and the reason behind the morning panic lows. If the Market opened high and continued higher, most of the Bulls would have held their loosing trades in the anticipation of Bounce or Reversal. Morning sharp fall scared the shit out of the Bulls, who started loosing all hope of recovery thinking that out market is still falling even after US recovery and Banks Bail out. That would have made them throw the Towel.

Intraday too the same thing happened and we saw a sharp downmove because the left out Bulls must have gained some confidence during the Rise but when they saw the intraday reverse move, which is the texture of market in last few days to close at lows, they must have left the Bus

Finally it was the turn of Intraday players. Intraday players who would have bought during the day and sitting comfortable with the Upmove were finally scared out in the last 1 hour move. If market would have closed at highs, chances are these guys would have carried their Longs overnight but they were also offloaded at Close.

If the above observations are correct, we should see a good Upmove very soon. The moment these guys don't board the Longs and decide to Wait, Bus would change the Gear and catch the speed

We would continue our Long Bias and Buy all Dips Strategy for now and Relax for sometime.

This Upmove which I am expecting should be Led by PSU Enterprise which consists of all PSU shares other than Banks. Though we may see some bounce in Banks and IT, but I would prefer to avoid them not to get Trapped

We are WEALTH MAGNET, Accumulating Infinite Abundance Daily

SO BE IT

www.tgoop.com/StockMarket00007/23

3 viewsMar 17, 2023 at 03:17

17.03.23

Happy Day Today as Always

Yesterday, Market staged a smart recovery from lows exactly as Expected.

I missed out on one very important point and the reason behind the morning panic lows. If the Market opened high and continued higher, most of the Bulls would have held their loosing trades in the anticipation of Bounce or Reversal. Morning sharp fall scared the shit out of the Bulls, who started loosing all hope of recovery thinking that out market is still falling even after US recovery and Banks Bail out. That would have made them throw the Towel.

Intraday too the same thing happened and we saw a sharp downmove because the left out Bulls must have gained some confidence during the Rise but when they saw the intraday reverse move, which is the texture of market in last few days to close at lows, they must have left the Bus

Finally it was the turn of Intraday players. Intraday players who would have bought during the day and sitting comfortable with the Upmove were finally scared out in the last 1 hour move. If market would have closed at highs, chances are these guys would have carried their Longs overnight but they were also offloaded at Close.

If the above observations are correct, we should see a good Upmove very soon. The moment these guys don't board the Longs and decide to Wait, Bus would change the Gear and catch the speed

We would continue our Long Bias and Buy all Dips Strategy for now and Relax for sometime.

This Upmove which I am expecting should be Led by PSU Enterprise which consists of all PSU shares other than Banks. Though we may see some bounce in Banks and IT, but I would prefer to avoid them not to get Trapped

We are WEALTH MAGNET, Accumulating Infinite Abundance Daily

SO BE IT

BY Stock Market