OPEN=9108, HIGH 9119, LOW 8893

NIFTY 8922

OPEN=9108, HIGH 9119, LOW 8893

IN THE MORNING ITSELF, I POSTED MESSAGE FOR SAFE TRADERS TO BOOK PROFIT OF 300 POINTS.

REASON: OVER- OPTIMISM

THE WHOLE MARKET GOT EXCITED TO SEE NEWER HIGHS AND BREAKING PREVIOUS HIGHS, BECAUSE OF THE SENTIMENT BEING BULLISH.

LESSON I HAVE LEARNT: TOO MUCH OF ANYTHING  AND EVERYTHING IS BAD.

COMPARING THE MARKET SCENARIO WITH A REAL LIFE EXAMPLE- TOO MUCH WEIGHT ON A PARTICULAR SIDE OF A BOAT WILL CAUSE THE BOAT TO OVER-TURN, THEREFORE,  THERE IS ONLY TWO OPTION TO GET SAVED, THAT IS

EITHER THOSE WILL BE SAVED WHO ARE IN THE OPPOSITE SIDE OF THE BOAT, OR

IF SOME OTHER BOAT OR SOMETHING OR SOMEONE COMES TO HELP( EXTERNAL HELP, WHICH HAPPENS VERY RARELY IN THE MARKET)

SO, NOW, THE BOAT HAS OVERTURNED.

NOW EVERYONE IS GOING THE OPPOSITE SIDE.

THOSE WHO HAVE STILL NOT WENT THE OPPOSITE SIDE, MAY DO SO, IF THE BOAT TURNS MORE AND MORE, WHICH I EXPECT TO HAPPEN..

COMING BACK TO THE MARKETS, THE SENTIMENT HAS TURNED BEARISH NOW..WHICH IS LEADING TOWARDS MORE DOWNFALL...

AS I AM NOT A BEAR,  ITS TIME TO WAIT AND WATCH AND CATCH THE NEXT BULLISH MOVE...