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.It was suggested yesterday that “the next move could be really fast and furious. As of now, the possibility of the future direction is changing to up.” The market has indeed showed that it is supreme, and trapped the stops of bears, who were hoping that this would be the final frontier.
It is getting very dicey for a trader here. A huge gap up opening does not allow a positive close? It is something to ponder about. What it tells us that the market is still unsure of the direction. The probable direction is still bullish, and we may see some small downside.
In such an event, it can again be suggested that any dips may be used to buy in. We must keep our stops to avoid disastrous loss of capital. A short term stop could be 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.
1 comment:
sirji 4500 calls and puts of even oct and nov series have been actively traded - any comments ?!
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