Firstly, thanx to all my readers for the massive increase in traffic hitting our blog....
As I write today, there is a question in everybody's mind....
Have we turned around? Would we see Nifty making new highs....
Well, the answer is a tough one right at this moment. The 30min chart had a bullish wave from 4786 till 5060.....Thats completed.....Now what? Maybe a little wait and see....
Well, the answer is a tough one right at this moment. The 30min chart had a bullish wave from 4786 till 5060.....Thats completed.....Now what? Maybe a little wait and see....
The daily stochastics moved to overbought zone in 4 days....The weekly just turned positive...So in a way, there's some positive news......But....I am still cautious.....Why?
Well, SST (Saptarshi Swing Trade) is still in a bearish zone.....and the SELL sign is still ON...
When, I am in a doubt.....I prefer to believe in SST.....And also that the 30 min wave is over....Maybe a the EOD wave is still on for 5200 or we are hitting the top end of the parallel downchannel at 34 ema resistance ????......
Lets wait for a trend reversal first.....
No comments:
Post a Comment