Indian markets today have proved who the HORSES are ..and we lead the recovery in a royal manner.. the Bears had to run to cover their shorts .... My call givenin the morning for bravehearts for buying anything in todays dip , paid good rich dividends (above10-20% in many scrips). NF has moved intraday close to 200 points from days lows . Hope friends visiting the blog would have utilised this call and made profits.in intraday. . there was a huge talk of complete capitulation today, after US bill /markets failure.So what happened ,One everything was quite overdone, Why we recovered in minutes back to 3800 after opening..As mentioned before also 3774 is a huge support and despite the worst news in years in the financial circles/US markets crashing so massively.Smart money it seems still consider 3800 as a strong base to lend buying support..THIRD TIME BOUNCE.. from there ,The level held and within ½ hr we had drifted away from it..heading towards the 800 SMA at 3944 , from where we broke down yesterday when we went lower & capitulation started. Close over 3944 is important for a few days for markets to move ahead..Will we go to retest lows again and go further down to 3600 or lower , yes we can , till we don’t cross over 4050 and close above it for a few days we are not out of the woods. Todays day (open low close high).goes in favour of bulls . PIERCING LINE a Bullish candle was formed Do remember that these are volatile days and profits need to be locked in daily and the next day taken as it comes…lets enjoy todays gains.
.THE BEST TRADES THESE DAYS ARE THE ONES WHERE THE PROFITS HAVE BEEN TAKEN FROM THE TABLE.. cheers.
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