Thursday, July 19, 2007

Nifty for 19 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.

Well, at last the Nifty has hit a bang on target.

It is also approaching a long tested supply line. So very simply, bulls should remain alert. With the weekend around the corner, there again would be some volatility. This is the time when our slogan, to plan trades, will work.

As was suggested on Tuesday, “it still does not seem that we could see a significant top here.”

Technically the position now changes to buy on dips. Others may tighten stops and allow the market to exit us from the winning positions. Till then, only patience may be suggested.

Plan your trades and trade happy.

1 comment:

pandyaketan said...

sirji ruby tuesday now shifted to 24 july ?? haha !



reg
ketan