Hope my views last week would have helped all who are visiting the blog...Had suggested being very light and play the direction as technical indicators were giving contra moves ..Well markets shrugged off all the gains and now is moving towards the serious business of evaluation and business ahead..Things still are not looking good due to US downgrade.. 4700-4800 zone which has not been tested for sometime , is still waiting..Break of that zone will mean LONG TERM bulls will liquidate.....Watch the events unfold next week closely..Falling and Rising markets have no levels..5000-5050 and 5330-50 is a watch zone in coming times..Easy money will fly the nest as it is scared..Trade light or stay away if you are weak heart or nibble lightly in your favorite stocks if we tumble down..enjoy your trades..
cheers.
No comments:
Post a Comment