- I had pointed out the 5600-5500 band. Now the market is precariously poised in that range, desperately seeking for further clues.
- EWP as usual has put us on cross roads again. If we break this level confidently then we are in for a big fall.
- And if supported at these levels, once again a possibility of new high beckons.
- The trend is surely down, but that's what's special about EWP, just when the sentiment is extreme EWP suggests a possible reversal.
- Right now I am keeping my fingures crossed, as USDINR is just not ready to break the range, and Nifty at critical cross roads.
- If already short, one should hold on to them, and think about longs only on strong signs of reversals to the upside.
No comments:
Post a Comment
...I am thrilled to learn what you think about this piece of content...