The indicators are suggesting falling momentum and hence upmoves should be treated as corrective annd should be used to exit long positions... In fact I have been writing often, that as a trader I would be more comfortable only beyond 5200 !!
Weakness seems to be setting in and a close below 4990 should speed up the fall towards 4800 ... And yes pray that the markets hold 4800 levels ... if that breaks.... well..... (don't worry - we shall analyse when it happens)
Many frontline stocks are giving sell signals and I presume those of you who are active stock traders can surely find something juicy to short sell!!
Happy Trading !
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
www.investogyan.com
1 comment:
nifty is recovering, as it went till 5004 and now its reaching back to 5065 level.
so when is it expected to go below 5000 ?
Post a Comment