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.The first tick of the morning closed the gap which was created on Thursday 17 May, technically. However, I would not give much cognisance to the first tick, as it could be just a small trade registered. Two short term zones marked in grey are those showing the gaps. In the tussle between bulls and bears, normally the market respects such gaps. That is because the bulls do not want the bears to cover their short positions which have been created prior to the gaps. The short covering then adds impetus to the bull phase, allowing bulls to exit at higher levels.
The Nifty is just a whisker away from a historic high. Normally, we do not expect the weekend to be such a non-event day, with flat trading.
When volatility tightens, we could expect some explosive move either way. I could be wrong, but the probability of an up move still remains. Till then … Plan your trades and trade happy.
3 comments:
sirji, GR8 wisdom pearls, as always - new things to be learnt for us....
i had found the roadmap on the first site mentioned by you, however, it read that - to use the roadmap, visit geocities/cooldush - which has been unavailable.....
therefore the problem...
sirji, if u can repost ur things (at least the How to Use stuff) on a site which does not delete them and recognises the value of things, it would be a worthwhile thing to do...
i had also found an indicator created by u on a ygrp, which does not change in value, when zoomed in ... however, i have yet to install it in MS (still learning MS...)
i am sure other readers are as excited abt "pirates of the caribbean" and hopefully, it will be released before 1 june, the movie sequal. haha
reg
ketan
reg
ketan
dush... have a look at gold.. looks interesting.
ur 22nd is here today sirji ! time for buying on dips or to go short !??
reg
ketan
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