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 market just refuses to give up of its gains. With today’s up day, the probability of the Nifty achieving its short term target of around 4533 seems even higher. It does seem that the market is correcting intraday. And not allowing traders to enter at lower levels. At a stage like this, we could only maintain caution, and not jump on the band wagon.
The bearish tri-star like candle pattern of yesterday has not been confirmed today.
It still feels that the opportunity for bulls is coming. With some patience, we could start accumulating from a few days hence. If however, we do lose our patience and do buy at this stage, then it is suggested to keep a stop for a close below 4440.
The main trend is still up, and trades could be placed in the direction of the main trend.
Plan your trades and trade happy.
2 comments:
Sirji ! why is sept 4100 being traded so actively...
reg
ketan
Added your site to my blogroll.
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