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.On Thursday, 3 May, we had mentioned, “We could see a small downside correction, which may be utilised to buy in.” I am sure, readers could utilise these opportunities.
The market is still following an orderly pattern. It is still respecting earlier established supports and resistances. Traders could still keep the low of Monday 30 April (4028), as a stop to protect from losses.
Today, even on a down day, on the Index, we see some buying going on “behind the scenes.” This reinforces my belief that this minor downside is a correction, and could be used to buy in.
3 comments:
U r opening doors for inquisitive ppl like me sirji, could u pl elaborate on "behind the scene" buying and how to spot it ??!
i am sure many readers would like to learn such confirmatory signs...
reg
ketan
Some things are better left unsaid.
Dusant
haha, mysticism prevails ! maybe u can communicate on email, if not thru site sirji !
reg
ketan
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