✨ *Happy Diwali* ✨

Dear Investors & Friends,
This Diwali, may your life be illuminated with wisdom, health, and prosperity that grows quietly but steadily - like compounding wealth.

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*Wishing you and your loved ones a Diwali filled with light, balance, and abundance.*

Warm regards,
Rexus - From LOC
(part of a Rexhora Ventures)
Investing · Protecting · Planning
*“सेवा परमों धर्म”*

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Loc (unit of Rexhora Ventures)
Investing | Protecting | Planning

Good Morning all..

As per pre market indicators
Gift nifty looks like market opening with big gap up. ( One should not watch Gift nifty though)

But studying the Gift nifty chart
It will face resistance in below mentioned zone last day also it couldn't pass through " The last supply zone"

26,285 to 26,440. Zone
For nifty

For nifty
" the last supply point is 26061 to 26178 with the extension of 26,277 (ATH)".

#Learning -
Now why we are not doing any buying?

Understand the logic of trend following

- when a price moves up straight up in the line do not short / or think that is overbought and will fall.

- price will either go down or take a time consolidation

- downside is confirmed only when the first lower high is created (will learn this in trend following ways).

-Unless and unitl any instrument makes a new lower high and breaks a "swing low" never think of a downside & Vise a Versa

-When ever price goes up in. Straight line it's either breakout or upside till dynamic trendline - in nifty both done..

When dynamic as well as static trendline ( resistance) hit the smart money usually sits aside/ or do the profit booking. Which most of you have seen what happens when LOC hit in stocks and indices.

So at that point we don't do buying which is what I learnt form the experience

Last but not the least ..

After every night there will be a sunrise
And after every day there will be a night.

Same happens in stock market
But no one will tell you one thing
That

Sometimes a day or a night can feel like alaska day where there will be 3-5-6 months of night and then there will be a day.

That's a stock market.
It's all about patience.

If Nifty opens where it's indicating now.
In a day nothing will be left to trade.

Just wait for the opening.

Good morning all

If yesterdays Day low Triggers Then Nifty will start correction on Daily Time frame

If todays candle will be impulsive fall then market start correcting ✅️