These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.
As was suggested in my last post, the long holiday had taken its toll in shaking out some highly leveraged Bulls.
With the derivatives expiry, the market has been volatile, but the intermediate trend is still up. The volatility could now reduce.
The Nifty seems still on course to make a new historical high. With a higher top, higher bottom pattern in place in the extreme short term.
Use dips to go long? I have been suggesting this for a long time.
1 comment:
A sage who meditates for this world in Himalayas for humanity is not worried if people will pay him in cash or kind. He does it because he wants to. Same is the case with Mr Dusant ! It seems he requires intermittent reinforcement at this stage ! Guys ! lets call him back by DEMANDING him back !!
reg
ketan
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