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 Nifty maintained its status quo, without much movement either way. On the extreme short term focus, the trend is still up. If we step back slightly, the daily chart is showing two uncertain candles, a star and a doji. If we step back even further, the weekly chart is showing an extremely bullish candle.
The rising window of Wednesday is still open.
A classic consolidation pattern going on.
On Thursday, we saw that the FIIs have been net sellers in the derivatives segment, whereas, huge money was pumped into the cash. This could lead us to assume that the action is now going to shift from the index stocks to the mid-caps, and small-caps.
5 comments:
Hi Dusant,
No post from you for a while... hope you are in the best of health.
Best regards,
Amar
Hi Doc,
Very kind of you to enquire about my health, and also keeping in touch with the blog.
I am taking a long and well deserved vacation.
I should be back in action in a fortnight or so.
Best wishes to you too.
Dusant
Nice to see a similar style of trading :)
Trading is very personal. The bottomline is, after all, that it is YOUR money on the line.
The purpose of the analysis is basically to see how we can trade the security, which suits our temperament.
Best wishes, and hapy trading.
Dusant
Sir Falkor,
I am deeply honoured by your two word comment.
Dusant
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