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 the intraday chart, the Nifty seems to be consolidating. It has also established a fresh support range. This support range is more significant especially when the Nifty had paused thrice around those levels. Further, it had broken out of that range with a huge gap. That gap has been closed today.
The only discomfort which I can point out is that the overall traded volumes on both the exchanges were not too heavy. That could put a slight shadow of doubt on the recovery of Friday.
Other than that, nothing deters me from suggesting my anthem … buy on dips.
Trade happy after planning your trade.
2 comments:
Generally Diwali time vols are low only no sirji ?
Wishing u and ur viewrs Season's Greetings in advance (keeping in view travel plans, other engagements, etc etc)
reg
ketan
sirji u seem to consciously discarding put oi data as well as may 06 time zone.... r u sure ??!!
reg
ketan
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