Market Breadth & Situational Awareness of Nifty: 5th Feb 2025

        

                         Market Breadth & Situational Awareness of Nifty: 5th Feb 2025 

Today, nifty closed with -0.18%.

The price of Nifty50 is still below all the major moving averages.

Strength and direction, both are positive.

Medium and Positional term trends are still negative.

Highs stand at 0.425. 

Short-term direction is positive with good thrust. Short term positions can be build in the market. We have been bullish for short term trades (holding period 2-3 days) from 29th onwards.

To summarise :

Short term and thrust positive - Short-term trades can be taken as per strict risk management as long term environment is still bearish. Short-term direction is positive with good thrust.

Strenght + direction + highs + Medium trend - Swing trades with holding of week can be taken on selected counters.

Strenght + direction + highs + Positional trend - Positional trades spanning between few weeks to a month should be Avoided. I will be waiting for positional and medium trend to turn positive.