[sharetrading] Nifty

 

Market has created a typical candle stick pattern, which could turn to be a blessing or a curse. A blessing if 5230 is not hit and stays above. Rather it should not drop below 5235.With US and EU markets misbehaving slightly for now, be cautious tomorrow. If the unforeseen happens, maybe it will be a signal to throw in the towel. As of now DJI & GSPC is sitting on the fence……

Take individual decisions…………………

Irrespective of position on chart says it is better to protect positions below 5230. Above which no worry as of now…. Since market has moved into major trending range. Tomorrow will be the litmus test however, with the bears trying to steal advantage as this is the last stop for the bears before they become bulls and come on board for major moves………………………..

 

Abe

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