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.Bulls, hold your breath. The previous bottom is still holding.
The indices are attempting to make a short term bullish pattern. But have still not been able to. As is the norm nowadays, the Index opened with a gap, and then traded as it wished.
The sentiment is still not positive. We may see a bounce back up tomorrow, but it may be viewed with scepticism.
Tomorrow is the weekend.
Another reason why this move may be viewed with scepticism is that the Nifty Future seemed more bullish than the Nifty Index. All said and done, the Nifty Future is a derived trading product based on the Nifty Index.
It is my guess that the market may run stops near the derivatives expiry next week, and that could be a decisive bottom.
Therefore, it makes no sense to suggest trading levels for tomorrow either.
Trade happy after planning your trade.
1 comment:
Today itself is the weekend as the next 2 days are holidays for our Market .
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