As said too many cooks spoil the broth.
As expected on Thursday shorts created near 8030 yielded good return. A few of my friends asked me a lot that why i have turned supper bullish and just advocating buy the dips . Well all I would say is that currently so many theories are going on in market place ending diagonal / leading diagonal / diametric formation / inverse head an shoulder . Above all the current wave is a deceptive one you buy your SL gets trigerred and You sell your SL gets trigerred . I such cases the only thing left is either buy the dips or sell the highs . An if we closely look at the market movement since the last 1 months the dip buyers have benefited a lot as said bear market rallies are ferocious . In such cased we have to take a stand and the current structure is pointing to all time high soon before the great fall till 6700 and even 6500 odd levels .
Coming back to markets 7880 NS has been scaled and we need to close above 8030 for the confirmation . For Monday look for half hour close above 8030 for targets of 8140 - 8180 -8228 NS. on the contrary a half hourly close below 7970 NS would invite 7880 - 7820 where again dip buying cane be done.
Still it is buy the dips only Tagets 8700++.
Have a Great Weekend ! !
As expected on Thursday shorts created near 8030 yielded good return. A few of my friends asked me a lot that why i have turned supper bullish and just advocating buy the dips . Well all I would say is that currently so many theories are going on in market place ending diagonal / leading diagonal / diametric formation / inverse head an shoulder . Above all the current wave is a deceptive one you buy your SL gets trigerred and You sell your SL gets trigerred . I such cases the only thing left is either buy the dips or sell the highs . An if we closely look at the market movement since the last 1 months the dip buyers have benefited a lot as said bear market rallies are ferocious . In such cased we have to take a stand and the current structure is pointing to all time high soon before the great fall till 6700 and even 6500 odd levels .
Coming back to markets 7880 NS has been scaled and we need to close above 8030 for the confirmation . For Monday look for half hour close above 8030 for targets of 8140 - 8180 -8228 NS. on the contrary a half hourly close below 7970 NS would invite 7880 - 7820 where again dip buying cane be done.
Still it is buy the dips only Tagets 8700++.
Have a Great Weekend ! !
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