Nifty for 31 May 07

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 hate to say, I told you so. But the market has proved this humble analyst correct. And also proved how media hype can affect the sentiment on certain days.

Going ahead, the Index is showing a consolidation pattern. The psychological supply line still is bothering the market. But if this breaks, then we will have a no holds barred bull market. This is not a trading suggestion but a suggestion to plan your trades and trade happy.