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.From an intraday view, we had another hugely volatile day. From the end-of-day perspective, it was a nothing day.
The earlier short term top is placing doubts in minds of traders and we see good profit booking coming along the ~5400 levels. Therefore from a short term view point, the swing bottom of yesterday ~5225 could have significance. That is because we have seen good buying coming along at that level.
The previous swing bottom ~5070 could be closely watched for weakness. If that holds, then we could continue to buy on dips.
The market is showing mild strength overall. In that case, dips may be bought into.
Trade happy after planning your trade.
1 comment:
can u make mail update?
its thankfull to all who reading u r blog regular.
ettyramasamy@yahoo.com
Post a Comment