If that comes, you are again on a bull rise and if not .. well we remain in 'No man's land' . What seems to be difficult for traders is the ability to change the view , but I think - like always - let prices decide . "Price is King" !! We are but humble followers of the King!
The Nifty level of 5115 is crucial for intraday while 5200 should be treated as break out level on upper side.... The FII theory, indicated yesterday, still remains and we must be ready for 'false breakouts' especially since US markets and players will be in holiday mood from tomorrow (Dec 25)...
In coming days , be ready to change your view fast and frequently .... if you are not able to do that - well, you too can take a 'Christmas holiday'!
I see a lot of action and trends in commodities markets - especially the metals. a second phase of upmove seems to be starting . . .
And yes - Do enjoy your 'Christmas holidays' - 'Market mein movement to chalta rahegaa"
Happy trading
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
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