For some inexplicable reason, I could not log in to blogspot. Anyway, for whatever it is worth, here is my analysis for yesterday.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.
This was mentioned in my analysis of yesterday. “…. very early days to say. On the other hand, we may see a fall from tomorrow and then a halt on 21, and then a continuation of the uptrend till 31 March.
From what the market has done today, it suggests that this probability is coming into play. We could see some weakness tomorrow. And this could be a bouncing pad. Please remember, this is all a game of probability, and I am just suggesting the most probable event.
In case the market is kind enough and behaves as I think it would, we can make some money. In case it does not, then I would suggest either hedged derivative positions or strict stops.
Trade happy.
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