What Will Happen to Nifty 50 After Crossing 19000

From time to time I keep writing emails to my subscribers. A few days back I had written this:

On 20 Jun 2023, I had written this:

On 22 Jun 2023, I had written:

19k is a huge resistance.

A few days back I emailed that 19k will act as a huge resistance. You can see how Nifty is struggling to cross that.

In a situation like these non-directional option strategies work great.

If you are an option buyer I suggest keeping your stop loss and profit levels looking at the level of the stock or nifty / bank nifty – not the option value.

For example, if you bought a call option then wait for a 2% move either way for the stock/index to move.

Do not wait further. Either it’s a small profit or a small loss. But at least 2% moves come fast and there is not much theta loss. That way you can be in the game for a long time.

You can do my paid course and learn strategies that work in any market condition.

Let me know if my emails help you.

On 28 Jun 2023, I wrote:

Now anytime soon Nifty will cross 19000.

Once it closes above 19k – bulls will come with huge force and will take it quickly to 19200 – something and then a pullback.

The next few month’s range will be 19000 – 19500.

Trade accordingly but make sure to hedge your trades.

If you are ok with 3% a month and are a busy person who cannot watch the markets continuously you can do my Nifty and Banknifty course.

There will not be any stress as the trades will be fully hedged and you can trade multiple lots when you know that you will never face a huge loss.

On 1 Jul 2023, I wrote:

If you track back my emails you will find that I told you that Nifty will find it difficult to cross 19000 but if it does it will run.

So basically after crossing it was 200 points run the same day.

Retraction will come but major retraction will be only after it crosses 19500.

My emails will help only if you read and take calculated risks.

Enjoy your weekend.

Finally, on 4 Jul 2023, I wrote:

If you read my emails you may remember that I had written a few days back that Nifty will find it difficult to cross 19000 – but if it does then it will surpass 19500 very fast.

On 28-Jun-2023 it closed very near 19000. 18972.10 to be presise. In three trading days (including today) it is now just 100 points from hitting 19500.

A reversal will come after it hits 19500. It’s called psychological reversal.

All the people who bought stocks when nifty was at 18000 or so would be looking to book profits. And when they do nifty will fall.

Then bulls will take over and it will go up again.

This is how stock markets work. If you are into technical analysis then you can only trade intraday using whatever method like 5 mins candles or 30 mins / 1-hour candles.

They will not work for positional trading. For positional trading, it’s better to read the news and guess the future move.

On 05-Jul-23, I wrote:

What Will Happen to Nifty 50 After Crossing 19000?

19000 will act as support and 19500 will act as resistance.

Trade conservatively (my paid course will help), and invest by doing a lot of research. If you do this you will be making good income from stock markets in the long run.