[Nitin Bhatia]

Dear Sir,

As was doing an analysis on market is in which phase accumulation, Markup, distribution, Markdown , to build an strategy. Weekly/Daily gives different view of phases,so which time horizon should take for nifty 50 index and according to you which phase is in market going through now.

[Nitin Bhatia]

Sir told in his NIFTY VIEW that prima facie, market is in a declining phase.

[Nitin Bhatia]

should analyse on daily or weekly chart the life cycle of index

[Nitin Bhatia]

As a thumb rule, If you are analyzing on daily chart and using weekly chart for confirmation then if both are throwing different result then there is NO Trade. This rule is good for price action.

However, to find out stock market phase, you will rarely find both the time frame showing same market phase due to lag or delay. Therefore, i only use daily time frame as mentioned by Stories Shubham.

[Author]

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