As has been labelled on the chart … how boring. Just another day, when a new high has been made.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.
Yesterday’s i.e. 6 February, support has held, thus making the 4170 level as an important short term support level.
The supply line overhead is like a nagging headache which refuses to go away. Traders could be advised here to keep a level head, stay bought and not over-leverage themselves with expectations of runaway profits.
On days like this, I can only repeat my mantra like an old broken record … Keep your profit booking stops according to your comfort levels.
3 comments:
even i m waitign for 4170 to come and to go long or or think to go long but Nifty is behaving like politicians, never know which party it will join..
aaaa really fed uppp this time..
Holding put
U r not an old broken record - rather a life saver. u r changing mindsets and helping other ill informed and confused traders.
pl do this blog also as mechanically as trading - even if u get that nagging headache !! haha
great going sirji !
reg
ketan
Rishi,
Please remember that the market never does what you want it to do, and when it does it will leave you in a soup.
As I have been suggesting all along, follow the market.
Do not expect that you will lead it.
Dusant
Post a Comment