The Gap up of 3% yesterday looked like the Tom Hans as a Bear in a far away Land.
Well that was just the former later the bears had the punch no to take the bulls much higher.Usually such Gaps do not give any opportunity for an intraday trade but still if somebody had spotted the negative divergence and weakness at 4935 --- it was a cake walk of 60 points.
Come Monday and sell off is expected. How Much only the Bears Know. Forget 4977 Even 4940 was a China wall to conquer by the bulls.The fort at present is under the tight grip of bear territory.
4770 - 4940 was the range on Friday. Any Side opening out side the range or a break out side the range will give a minimum of 80-90 points. Keep an eye on it.
Short on rallies the SL is the same 4977 Spot on closing basis.
Well that was just the former later the bears had the punch no to take the bulls much higher.Usually such Gaps do not give any opportunity for an intraday trade but still if somebody had spotted the negative divergence and weakness at 4935 --- it was a cake walk of 60 points.
Come Monday and sell off is expected. How Much only the Bears Know. Forget 4977 Even 4940 was a China wall to conquer by the bulls.The fort at present is under the tight grip of bear territory.
4770 - 4940 was the range on Friday. Any Side opening out side the range or a break out side the range will give a minimum of 80-90 points. Keep an eye on it.
Short on rallies the SL is the same 4977 Spot on closing basis.
please come with your views.
ReplyDeleteAwaiting for your update
ReplyDeleteDear PT,
ReplyDeleteWish you a very Happy & Prosperous Deepavali
Dear PT,
ReplyDeleteWishing you and your family very Happy Deepavali.
Wish you a very Happy Diwali..
ReplyDeleteDear Nimesh,
ReplyDeleteWishing you and your family a Happy Deepavali.
Best wishes for the year ahead...
why are you not writing?
ReplyDeleteAnything wrong?
Sir.. you are back.. I saw your comments in JN..will you start writing again?
ReplyDelete