Nifty Weekly Technical Outlook for 08th July, 2013

Nifty as on 5 July, Weekly Chart

Nifty as on 5 July, Weekly Chart

Nifty Technical Analysis, Daily Chart

Nifty Technical Analysis, Daily Chart

Be Flexible to ride the choppy move…

Sometimes market gives you a chance to earn and builds your confidence, and sometimes its thrash away your gained confidence, and you start doubting yourself, whether I was right or wrong. If you just try to interpret story of market legendary then you will learn that this legends has struggled with their ego, with their emotions, and accepted all the challenges they came across and gradually they succeeded to defeat them. I used word gradually, because its not one day job, its ongoing process for every traders.[stextbox id=”info” direction=”ltr” shadow=”true” float=”true” align=”right”]To Know about Option Alphas Click here[/stextbox]

Last week, market thrown challenge to every trader and many got trapped, many felt disheartened and many started evaluating new strategy for the market. Let us confess, we are not immune to this phenomenon.

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