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Nifty Price Action Trading | Volatile Days Ahead

Nifty | Keep your focus on Price action around Psychological Level 8000.00

As we see constant changes in Geopolitics and Government policies, Stock market is reflecting these changes through uncertainty and Pessimism. Recent Policy shifts of Indian government are having a major impact on sectors such as Real estate, IT and Banking Industry. Nifty tumbled from last few weeks and Investors are rushing to liquidate their existing positions. Breakout at 8500.00 intensified the move but after touching the psychological level 8000.00 – prices bounced back, showing some signs of volatility and buying pressure.

Price action trading analysis on Nifty Daily chart with Heiken ashi candles offered a clear perspective by filtering out the noises and unnecessary fluctuations. (I cover these Price action trading strategies, Chart analysis, Techniques on my premium trading course) Nifty’s reaction is largely due to domestic events and Geopolitical factors. Brace for Increased volatility in coming days because of seasonality and uncertain market sentiment. Traders should observe the Nifty’s price behavior around psychological level 8000.00 and keep an eye on Domestic events. Trading thesis is in the Chart

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About the Author:

Balaji is a Speculator, Investor and Trader (All in All!!!) and self published author. Trading in the Markets since decade, have seen more ups and downs along with institutional trader's lifestyle. He usually trades Nifty, Bank Nifty, Commodities, Futures cum Options around both Indian and global Markets. Balaji applies highly analytical and systematic Price Action strategies He blogs passionately about Trading strategies, Price Action Trading, Technical analysis, Macro events, Market setups, Financial and Economical topics. Apart from Trading and Blogging, Balaji also mentors aspiring Traders and Investors on becoming successful in highly competitive financial Markets.

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