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.Do spend a moment remembering the twentieth century icon of non-violence.
How boring … another new top. The Nifty has almost kissed our projected black line.
It is also noticed that the Nifty has bounced twice from our earlier blue line/green zone, which was another short term projection. This makes the green zone a significant one. Keep a sharp eye out for it in later days.
Apart from that, there is not much change from yesterday. The short term trend is still up. Our strategy of raising our profit booking stops has just given us an additional half percent on the Nifty.
Plan your trade and trade happy. It is again suggested to keep the trailing stops intact, and enjoy the ride.
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