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.Thursday was expected to be a volatile day, and as can be expected, the last minute running of stops was enacted. This was due to two factors. One is the derivatives expiration and the second the long weekend. And we can be sure that the derivative expiration had a greater weight in the last minute shoot in the Index.
This confirms our analysis of 18 January 2007, where we had expected a higher closing for the Nifty for this settlement. Here is the link. Click Here.
Now that the volatility of the derivatives expiry is over, we can only look forward to knee jerk reactions due to some specific results announcements. On the whole, the trend remains up.
Trade happy.
4 comments:
sirji, so u mean budget, fomc meet, even if adverse, should be bot into ??
if there is some adverse announcement, then also ??
reg
ketan
ketan.
You have made an all sweeping statement. Events trigger emotions and change sentiments.
We have to assess how these events change the sentiments, and trade accordingly.
The bearish and bullish set up examples are already on my home page. Just follow those examples to assess the sentiment, as the reactions to events when translated into price will determine the trend.
Dusant
TX sirji ! will trade after comfirmation of higher / lower top / bottom formation and wait patiently till then !
reg
ketan
Patience IS the keyword.
Dusant
Post a Comment