Tough call on the market direction next. I see different possibilities out there but lets take it one day at a time. See the reliance chart below with comments. You can see my thought process on this one.
Broader market...Well...2750 and then 2700 area remain most important on downside and 2860 on upside. There are so many other resistances on upside...it will be tough for market to move up...I want to see a wash out in the market but I am not seeing that...They still continue to buy the dips! Amazing is what I call it...Give up already...Well I just see more pain ahead but enough of my rant...Lets see how it plays out...There is a significant rally coming soon but from which level is the big big question? .. So well..lets just play it as we see it.
Trade update - My positions and latest prices are updated above as usual. Yesterday I had an urge to close and reshort higher...also to add more shorts at a higher level...but in the end just decided to maintain status quo. The reliance chart posted above should be studied closely. Its looks very important to me.
Best
Lee
3 comments:
KPL swing is live market graph ?
where it available with buy sell signal as live for NIFTY?
Lee,
how are you ?
KPL sir is great,
in home page he placed the hyperlink EOD and other time frame for NIFTY? BUT me also have doubt is that swing graph is live one? if so post the link here, thank you
karuppannan, see my reply in comments above this. please post qs if any in latest comments section..else i will miss it...thanks.
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