So Tuesday was definitely the day traders delight as Nifty gave the wildest swings in the day giving almost 100 points in each swings and generating the largest turnover ever in the history. Nifty seems to be making all the records this may thatz why I said earlier its Heated and Promising May.
One more history which was repeated and was obvious too was its retracement. Read the post below I gave a 20% retracement rule ( sorry I couldn't gave example of what I was explaining earlier due to time constraint) which gave the perfect entry point to go long when Nifty opens with a big Gap up.
Its interesting to see if we could again get close to our perfect entry point again or not. Till then we are in may and its still heated and promising as well.
Hope you loved reading it.
Happy Trading.
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