Markets went thru a huge turmoil over the last week , from extreme pessimisiom to relief and optimism now...Many stalwarts /so called experts were bullish then bearish and have been propogating doomsday in times ahead specially last week causing much palpitation & pain to investors and semingly not allowing many to invest at such low levels and good prices, for a quick trading gains. if DII /FII can do it , why not a small investor- trader like us ,who has been living each day with fear..Mature musings are expected from all who take it on themselves to help fellow investors by their expertise and writings..AND THINGS LIKE SHORTING THE HUGE RISE, INCREDIBLE CALLS..where did they learn their technicals...these guys buying falls and shorting rises need to go back to the learning schools..IF NOTHING ELSE THEN JUST WAIT FOR THE TREND TO FINISH TO SHORT.. I Will request all my readers /visitors to be selective of what they read and absorb ,ALL THIS IS NOISE..Coming to the markets it seem to have made a DOUBLE BOTTOM ..at around 3800 levels..if this hold over the next few weeks we should head for 4649-5298 , they seem to be the swing targets from the monthly charts .. Strong support will be at 4170-4130 or maybe 4020-50 zone...BUY IN DIPS HAS BEEN WORKING IN THIS CRAZY MARKET for quite a while , SO ALWAYS KEEP SOME CAPITAL READY FOR BUYING IN THOSE crazy panic DAYS..ENJOY THE WEEKEND ..cheers
ps. next week sometime will look into the moving averages in daily charts for the market movement or targets.
