Monday, October 15, 2007

Nifty for 15 Oct 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.

The market seems to be in a real hurry to achieve targets. The projection mentioned on Friday has been achieved within one trading session. What more can be added except the old broken record?

Plan your trade and trade happy. It is suggested to keep the trailing stops intact, and enjoy the ride.

It was anticipated that we could see a weak opening but that was not to be. From the interaction I have with some traders, it does seem that bulls are getting anxious to enter the market. In such a scenario, it is always a little dangerous to buy. However, as is always suggested. Keep our stops and enjoy the ride.

2 comments:

pandyaketan said...

Sirji, hurry in achieving tgts means, it wants higher tgts or it has to correct sooner than expected ??!!

reg
ketan

Anonymous said...

STYLED-WRITINGS is warranted for CONFUSION esp in stk mkts and technical analysts portrays it in the BLACK-HOLED manner.