Nifty has seen some real wild moves last week. We had Syrian crisis (the missile hit that never was) and then it was the RBI (the new Governor )! As of yesterday even the US market was up so the euphoria might continue. Yup all this dose of Dopamine is bound to affect the participants!
If you look at the charts there are certain clearly defined levels and certain parameters which define a falling market and a rising market for the technical analysts to work their analysis upon. These are not something that are cast in stone, but yes you cant completely ignore them. There is always a chance of being right but there is a far greater chance of being wrong! So how do you make money? From prediction or from protection? Thats why every body worth his salt in the market always yells protect your downside, and to do that you need to be loyal, very loyal to your STOPS.
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