Wednesday, July 04, 2007

Nifty for 04 Jul 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.

How boring; another bullish day, again.

We may have had a short term top today, or it may happen tomorrow. We could just have a correction till 17 July and then we may see the Nifty making its final hurrah.

Technically the position still remains … as a suggestion to buy on dips.

At this point in time we can only repeat our prayer of caution … Now that trades have gone our way, it is suggested to maintain stops to lock in profit. The stops are purely depending on the time frame which the readers trades, and their comfort levels.

Plan your trades and trade happy.

1 comment:

pandyaketan said...

Sirji u said "final hurrah" does it mean end of bull mkt or a big new correction like may ??

reg
ketan