Where will the Indian Share Market go in 2022? All of us are curious about this question.
Let me tell you one thing, Where ever the market goes, we surely are gonna learn something.
So first of all let’s talk about what happened in the market today.
As I have already mentioned in the previous post that the market will show some bearish movement today. And that’s what happened in the market.
I gave you the proper reason for that bearish movement.
Were you able to take benefit of this bearish market?
Was my post even a little help for you?
If yes then do let me know in the comments below.
Now let’s talk about how the market behaved today.
At first, the market opened in a little bearish side which was expected as I have already told you yesterday.
The first 15 min candle–>>
The first 15 min candle gave us some amazing levels to look for the entire trading day.
The low of that 15 min candle was the big support zone.
The opening of that candle was another support zone.(blue arrow)
If the market would have broken this support zone and taken a retest then our next target could have been days low.
But that didn’t happen. The market broke that support zone but did not give a retest.
And without retest, taking a trade is like catching a falling knife.
Less chance of success and a high chance of bloodbath.
After the first candle, the market showed some back-to-back green candles. These candles were enough to trap the bearish traders today. (big blue arrows).
And once all the stop-losses were hit, the market started coming down and giving hope to some traders to make some profit.
The market came down near to the opening price of nifty and then took a turn and went back up.
Which is the reason why I called that point a support zone.
Then again after going up, the market came down showed some volatility and closes near to the opening price.
The market was so volatile today. It was not at all good for option buyers.
But today was a perfect day for option selling.
How did you take trade today? Buy or sell?
Let me know in the comments.
So what about tomorrow and 2022 –>>
If we take a closer look at the last three days’ chart, Nifty is almost in the consolidation.
Nifty 50 is moving in a fix zone–>>
Let me tell you 1 important thing about movement in the fix zone.
When the market is moving in the fix zone that time is good for option selling and scalping because of the volatility.
But as soon as the market breaks that zone we can see a big movement in the market for 2-3 days.
And according to me, the market will break that zone on the downside. There is a high chance of the market showing some downtrend for some days.
So please don’t take any long options trade for some time.
The market is very risky nowadays.
If you have any complaints, suggestions, or thoughts, do let me know in the comments.
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Till then see you.
Keep calm and keep learning.