Nifty for 31 Mar 08

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 is as if the market has overheard my comments of Friday…. “There is no certainty in the market, or else I would have said slowly but surely”.

With a slew of negative news emanating from the USA, we see the sentiment getting fractured badly. And it seems that there is going to be even worse news tomorrow.

Which allows bulls among us to be prepared for more pain tomorrow? Quite possibly. In fact, from the movement of last week, it did seem that the market was finally shrugging off the USA news flows, but it seems I was wrong.

Which leads us to the importance of the stops. It is suggested to take nothing for granted. Just adhere to the stops.

Long term traders may continue their stops at 4460. Short term traders may also watch 4538.

Trade happy after planning your trade.