The share market is active and looking to wake up from its slumber as the Nifty index with a difference of just 68 points away to breach the 20000 mark. Every stock market investor, every trader is watching it with intense anxiety to know whether this important index will set a new record which will surpass all previous record. Here is a brief of how to trade on Tuesday as a trader.
**Market Overview**
Apart from these factors, corporate earning have been very strong, Nifty 50 is in an upward trend and investor sentiment is only positive. The position as of the previous high is relatively positively charged but at the same time the sentiments of the market are slightly cautious. This period is really critical for the trader as it lies close to the maximum point, the record high.
**Trading Strategy for Tuesday**
1. **Breakout Levels:** It will be seen in Nifty where the breakout levels of first one hour of trading are as under. The other level that one can observe includes the likelihood that the breakout above the previous high result in actual further rise.
2. **Focus on High-Performing Sectors:** Especially the IT, banking sector and the Fast Moving Consumer Goods (FMCG) have been the major market driving this demand. This makes stock from these sectors to be a good option to trade in.
3. **Place Stop-Loss Orders:** We have also seen that short term volatilities are at near record levels and hence it is always important to cut your losses by placing proper stop-loss as we discussed earlier.
4. **Stay Updated:** Keep abreast with; global signals and domestic economic variables that might Indicator in the markets during the day of any type of.
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**Conclusion** The market provides opportunities and a set of risks now with Nifty getting close to its all-time high. This is highly beneficial for traders since they can become informed and be opportune for the right information to come at this massive shift.
Disclaimer: This article does not contain any call as to what kind of companies one should invest in and therefore only contains informative nature. Kind regards Trading matters, please kindly seek the services of any financial expert.(alert-warning)
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