power house for nifty technicals and stock market fundamentals with charts and technicals.
Friday, February 27, 2009
VOLITALITY GALORE
In the Morning update VOLATILITY was mentioned by me , well it was there in plenty , Volatility shows nervousness in the positions which traders are carrying & quick reversals and stop loss triggers, makes markets move in wild swings..Maybe in coming days this is more pronounced..Trade with care in the coming days & with strict stop losses...enjoy the wekend..cheers.
MARCH SERIES
Markets should be looking for some decesive move either side soon, as it has been range bound for quite a while and volatality dipping and staying around same levels..the range still is 2650-2750-2850...Maybe in the next few days something triggers that move for break of this range. My advise for now for visitors here is , wait for a dip to buy or Trade only if you are nimble footed or a technical trader..trade with strict stop losses,,,avoid overnight positions so as not be trapped in positions..or small traders/investors just wait a while for markets to unfold their hand.. happy trading ..cheers..
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