a break of 1103 was expected to give 30 odd points straight which has happened.
spx has bounced from support zone.
in a couple of days or maybe on friday , a good safe shorting level will emerge which is 1110-1125 zone .
strategy is to short at higher levels but on weakness only.however i feel fairly confident that even one was to short on stregth and hold , one should not incur a loss.
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hi vipul: how about posting your sensex/nifty views here. On DG & Planet Yelnick there is hardly any discussion there on Indian markets and once the US mkts move, everyone is busy on S&P!!
ReplyDeleteI would appreciate your views...
BTW running shorts on Gold/Crude/Silver on MCX and wondering now whether to square short on Nifty...
Cheers
i will.
ReplyDeletei just havent been active that lately in trading or posting.
when trading indian markets , i almost never post. its only in the evenings or when trading spx that i post. hence indian markets dont get posted.!
ok. thanks
ReplyDeleteDo you think we have broken downward out of an ending diagonal in S&P and Nifty?. I know you have been saying a newer high? Still expecting the same?
cheers
i dont think its an ending diagnol.it s much too slow for that kind off move.
ReplyDeleteif you remember to your post i had replied that nifty needs to be above 5335 else it is 'distributing' at the top.
i wish i just had listened to myself.!
i still feel nifty will make or attempt a new high.