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 very surprised at today’s flat movement. Though we did see intraday volatility, there was hardly any movement on the daily chart. When volatility on the daily chart squeezes to such tight levels, we tend to see an explosive move either way.
Yesterday, it was suggested, “Tomorrow by mid day it is quite probable that we witness a short term bottom, and then a sharp rise up.” We were wrong on the timing but the sharp rise did take place.
The probability still remains upwards. However, probabilities can go wrong at times, as many readers may have experienced. Therefore, it is suggested to be very cautious. Strict stops may be adhered to. Those among us who are trading the derivatives market may hedge their positions.
Technically the position still remains … as a suggestion to buy on dips.
Plan your trades and trade happy.
1 comment:
sirji 4300 june nifty option was availabe for 100 on may 28. over 1 mnth it had only decayed. how to keep SL in such situations ??
reg
ketan
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