Tomorrow’s movement will be very
crucial as what we assume. Even though all of us are feeling, assuming and
wishing the market to come down and then go up so that we can get into the
ride. But as we all know, market is supreme. It does not work our way. With so
many indicators, showing the overbought zone, market is making a higher high. We
mentioned earlier,
almost in every post that there is no indication of going
short. You can go side line on any dip, but you cannot go short. And this has
been proved to be true so far. Still market is strong. As we have stated, close
below 6480 will force us to think about shorting opportunities and not before
that. Close above 6600 / 6610 decisively will give a momentum on the upper side
with a force to make a higher high. Instead of predicting about any specific
levels on the upper side, keep a Stop Loss of 6500 / 6520 and ride the rally
once it closes above 6610. Then one can trail the Stop Loss as the market moves
further up.
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