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.
It has been quite some time since I last posted. In my last post, it was suggested the market could make a short term top due to the cluster of time cycle between 13 to 16 December. It did.
It was also suggested that an up and down roller coaster could continue till 21 December. It did.
Also, as was suggested, that the “warehousing fever” could start around the last week of this month. It did.
It is reward enough for this humble analyst that readers could have made opportune exits and then re-entries based on my earlier suggestions. Looking ahead, the market is pausing at a previous target which provided resistance earlier too.
The market is now poised delicately. It does seem that the previous top will be broken. How far will it break? This time I do not anticipate a large margin. The anticipated level it could achieve is 6245. After that we could see a correction. Be on guard.
Have a good year ahead. Not a greedy one.
Trade happy after planning your trade.
2 comments:
hope the new yr brings more "it did"s on ur blog ! ;-)
HNY Sirji ! And to all ur viewers / bloggers...
reg
ketan
Sirji ! ur 6245 is not visible on the charts u posted - cud u pl post something that cud help us learn !?
reg
ketan
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