Nifty for 28 Mar 07

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.

With the intervening holiday, it was quite natural that we see a gap down opening. It was not too alarming. And the whole day passed almost uneventfully. Except for the mild excitement towards the end.

It is expected to see the short term weakness continuing on Thursday. Of course, with derivatives expiry tomorrow, we could see a lot of excitement towards the end.

Volumes continue to be high on dips. Therefore, we could assume that the trend is going to resume upwards in a couple of days. Quite possibly, we may see another fifty odd points more towards the downside.

These dips could be used to buy.

Trade happy.