So, one more day gone by......one more day of volatile trading.....one more day of smiles and pains.....Then this is life and this is the game of trading......We, traders live or will have learn to live by the day......
Today, the market closed at 4410 after the initial fall at 4331 and has made a hammer candlestick pattern after 4 days of fall.....This has probably, I repeat probably, changed the short term direction of the markets, provided global markets do not provide excessive bad news. The markets corrected 350 points from its high of 4650.....Now whether it completes the final leg of correction downwards or moves up and then goes down is difficult to say........4556 will act as a stiff resistance upwards in futures......
Today, the market closed at 4410 after the initial fall at 4331 and has made a hammer candlestick pattern after 4 days of fall.....This has probably, I repeat probably, changed the short term direction of the markets, provided global markets do not provide excessive bad news. The markets corrected 350 points from its high of 4650.....Now whether it completes the final leg of correction downwards or moves up and then goes down is difficult to say........4556 will act as a stiff resistance upwards in futures......
No comments:
Post a Comment