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 Nifty did not achieve our short term price objective, but has indeed bounced from our time frame objective. As of now, the bounce does seem convincing enough.
The market is also following an orderly pattern so far. Short term traders could have bought this bounce as was suggested on Friday, 27 April. (Click Here) . Those among us, who have bought, could keep the low of Monday 30 April, as a stop to protect from losses.
Those among us, who have not bought, could wait for an upside violation of the high of 27 April, and keep an appropriate stop. For traders with a slightly longer term horizon, we could wait for a marginal dip after the expected upside violation of the 27 April high.
Plan and trade happy.
3 comments:
Sirji, there are 105 cr ppl in india, of which abt 2 cr invest in mkts (against world avg of 25%). Of those, very few take technicals so seriously.
You have deciphered the Da Vinci Code and, more importantly spiritually, you share its simplified version with the inquisitive lot.
you are TRULY, "one in a million"
Do stay on the net till eternity !
reg
ketan
ketan,
I am a humble student of the market. I cannot claim to be the "decoder" of the Da Vinci code, because the book is a piece of fiction, whereas we are dealing with reality.
I am only too happy if people can profit from my experience.
Dusant
and as far as staying on till eternity is concerned, all of us are mere mortals, always subject to the inevitable decay of the frail human body.
You as well as me know, that that is not possible
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