A long weekend in the offing.
Well today it was a scalpers day both the shorts and longs got benefited. Owing to the RBI meet and long weekend NS was also flummoxed . Coming to RBI meet what i think is even a 50 basis point cut would be a non event . One more thing i have observed that may new account holders that visit my office regularly are layman when it comes to markets and they are all of the opinion that money can be made in markets only by shorting . Well alarming bell that we are nearing a very violent rally for 9200++ . On the short side Be brutal with the SL -- Any time the rally would emerge and may catch you sleeping .
For Monday resistance lies at 7880 NS and may be we get 8030 NS before the event , On the contrary no short set up is at present evident,
Buy the open on Monday and square at EOD.
Have a Great Weekend & Eid Mubarak too ! !
Well today it was a scalpers day both the shorts and longs got benefited. Owing to the RBI meet and long weekend NS was also flummoxed . Coming to RBI meet what i think is even a 50 basis point cut would be a non event . One more thing i have observed that may new account holders that visit my office regularly are layman when it comes to markets and they are all of the opinion that money can be made in markets only by shorting . Well alarming bell that we are nearing a very violent rally for 9200++ . On the short side Be brutal with the SL -- Any time the rally would emerge and may catch you sleeping .
For Monday resistance lies at 7880 NS and may be we get 8030 NS before the event , On the contrary no short set up is at present evident,
Buy the open on Monday and square at EOD.
Have a Great Weekend & Eid Mubarak too ! !
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