There's always another sunrise !!!!!!!
A really bad month for me with just managing to recover my losses but no profit. Markets not favouring -- system crashed --- not able to update Almost all problems at a time.Well then there really lies the true spirit of man just to fight till he gets knock down or completely out.
A delighful month for bears simply the best. It reminds me of the last diwali. Last diwali too SBI made a new high then till expiry almost 400 odd points down. History has reapeated again this diwali. Not much to say you can get the idea by simply remembering the last diwali.
The dynamics of market has chaged drstically in the last 14 days.I was completely wrong in judging the market and I have paid the prize of it.Never underestimate the market just follow it and that is what i have learned the hard way.
Looking to the weekly charts we are nearing a bottom quite exhausted -- why i am stating exhausted because the kind of vertical fall expected is not happening instead there is immense buying happening at lower levels.Look at the EOD charts do you see any selling ?????? I leave it on you.The whole world is talking about now 3800 odd levels. Time to be cautious NS just managed to close above 5950 at 5951. Does the bell ring. It is just a game plan by the big players to trap the shorts the reason being if there are no shorts then who is going to buy. For the time being 5750 is the established bottom and look for buying for target of 6041.
For monday obvious resistance lies at 5801 NF and above it 5840 NF. The dynamics would change entirely above 5860 so dont short blindly as we are nearing the bottom and a decent upmove till 6041 NF is observed in the market.
Currenlty i am holding 5800 calls to be square at 6041. After 6041 NF i would decide on the future move of market whether to hold or not.
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| Cortsey : www. icharts.in |
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