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.I am not posting the chart here. However, suffice to say, that today, the Nifty Future also hit a minor predefined level, which the Nifty Index hit yesterday.
This reinforces my belief that we are heading into a volatile stage of the market.
Further, it could be noticed on the chart how the price is moving, respecting all the various support and resistance levels, which we have been seeing for almost two months. I still have not been able to understand how the collective wisdom of millions of people influences the order in the market.
As suggested yesterday, today was a very interesting day in the scheme of things. The market did move above yesterday’s high but was not able to sustain. Today could be a short term top. We could see a short term down trend leading to the derivatives expiry on 26 April.
Plan and trade happy.
1 comment:
a stich in time saves nine - thank u sirji !
reg
ketan
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