Market doesn’t look positive. As you notice, NIFTY constantly falling from June 03, 2019 reaching a high of 12,103.05, reached a low of 11,625.10 on June 19, 2019 then bounced back gradually and reached 11,981.75 on July 05, 2019 but failed to keep the momentum.
It fell sharply till reaching a low of 11,461.00 on July 09, 2019 (losing nearly 500 points), then NIFTY started upward journey but very short lived till 11,706.65 on July 19, 2019 – just going upwards by only 240 odd points with lot of volatility.
Thereafter NIFTY reached a low of 11,210.05 on July 26, 2019 before reaching a high of 11,307.60 and closed at 11,284.30 showing a bullish trend on the same day. But don’t forget to notice on July 26th it did not cross the high on July 25th.
Finally today, we know what happened. NIFTY is in clear bearish mode. Today (July 29th), NIFTY ended up with bearish engulfing status. So future move of the market depends on forthcoming days and related events.
Hence, traders are advised to sit on cash, not to risk any trade because market is in bearish mode with lot of volatility and hence we do not publish any buy shares on daily basis.. we will update in our site when the dust is clear….!!!! “Keeping your cash in safe is better than losing in the market” can be the best strategy during these days….!!!!