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.
We see the Index again retest yesterday’s high, this time successfully. And more importantly, it has moved up with a rising window. The implication is confirming the bullish nature of the market. It has also broken out of the grey resistance band, which we have been carrying for almost three months.
I had expected the short term trend to change to down, from Thursday, but the market proved me wrong. In any case, the longer term trends are still up, so I could suggest the bears to sit on the fence for the time being.
The next cycle in time falls on 26 April, which incidentally is also the Thursday coinciding with the derivatives expiry. So watch out.
Plan and trade happy.
1 comment:
sirji i shall be travelling for a few days with guests and shall immensely miss seeing ur blog...
reg
ketan
Post a Comment