My stance remains very cautious regarding fresh buying. This week is likely to be bullish. My approach is to capitalize on the rally, book profits aggressively, and enjoy the upside while it lasts.
Freeing up at least 50% cash is strongly advised.
Historically, mutual funds tend to sell towards the end of December, and a fake-out rally remains a very real possibility.
A sustainable and stronger rally will only materialize if smart money gets the opportunity to buy at discounted levels, which may happen if the index corrects toward 160K or even 152K.
I sincerely wish to be proven wrong but experience has taught me the hard way.
Hence, the mantra is simple:
NEVER LOSE AGAIN
🔴 Resistance:
R1: 170,000
R2: 171,100
R3: 174,900
🟢 Support:
S1: 166,000
S2: 163,000
S3: 160,000
Rest with Allah Kareem…
Regards,
Arsalan Anwer
Stags
Freeing up at least 50% cash is strongly advised.
Historically, mutual funds tend to sell towards the end of December, and a fake-out rally remains a very real possibility.
A sustainable and stronger rally will only materialize if smart money gets the opportunity to buy at discounted levels, which may happen if the index corrects toward 160K or even 152K.
I sincerely wish to be proven wrong but experience has taught me the hard way.
Hence, the mantra is simple:
NEVER LOSE AGAIN
🔴 Resistance:
R1: 170,000
R2: 171,100
R3: 174,900
🟢 Support:
S1: 166,000
S2: 163,000
S3: 160,000
Rest with Allah Kareem…
Regards,
Arsalan Anwer
Stags
Arsalan Anwer
Stags
Stags
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Arsalan Anwer
Stags
Stags
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.