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 was suggested yesterday that the market may be bottoming here. But the huge gap open has taken me by surprise. I am sure it would have taken a lot of traders by surprise too.
The market may attempt to close this gap of today. If it does, then we could see the emergence of a bullish pattern.
Therefore is may be suggested for traders to buy now on dips. The stop may be retained at ~4800 for long positions.
Trade happy after planning your trade.
1 comment:
sirji !! i am surprised by ur analysis using only techincals this time !!
market is going to crash again as per fno data !
why are you not mentioning anything abt that sirji ! i am getting confused by ur stunning silence on fno!
reg
ketan
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