The test day was more interesting than the actual days of trading.
The system risk is so huge, we see service providers on rotation, put the traders more specifically at risk. It was the day of ICICI Direct on Friday, shut almost near one hour. Hopefully, authorities will take note of the same.
The political memes of Khata Khat, can stay for some more time, it is the speculative urge, what next in the UPPER circuit that is the real cause for worry. There are many extended spaces.
Point to note and remember, market is a place there is always rotation, persistence and reversals happening and unfolding all the time.
Since start of April the market has moved three candles of green three candles of red, this is the fourth time, save two occasions one marked in circle another the testing day.
There are rhythms and that rhymes the market. Can one extend that and conclude next is three candles down, if that is as simple as it sounds, everybody would have taken home the money bags.
End of Five Phases, usually markets should re-think and reassess, that is what we expect markets to do today. Also, the risk to pierce the higher area, is not with the reward, hence calibrated moves are the order, with a scope for downward risk than upward reward.
Simply, put the new range is 22330-22630 we are in the middle, intra-day 22530-22550-580 should ideally cap, with a possibility to test the lower end of 22350-400.
Supports 22480-22450-22380-22340
Supply: 22565-22595-22628
The system risk is so huge, we see service providers on rotation, put the traders more specifically at risk. It was the day of ICICI Direct on Friday, shut almost near one hour. Hopefully, authorities will take note of the same.
The political memes of Khata Khat, can stay for some more time, it is the speculative urge, what next in the UPPER circuit that is the real cause for worry. There are many extended spaces.
Point to note and remember, market is a place there is always rotation, persistence and reversals happening and unfolding all the time.
Since start of April the market has moved three candles of green three candles of red, this is the fourth time, save two occasions one marked in circle another the testing day.
There are rhythms and that rhymes the market. Can one extend that and conclude next is three candles down, if that is as simple as it sounds, everybody would have taken home the money bags.
End of Five Phases, usually markets should re-think and reassess, that is what we expect markets to do today. Also, the risk to pierce the higher area, is not with the reward, hence calibrated moves are the order, with a scope for downward risk than upward reward.
Simply, put the new range is 22330-22630 we are in the middle, intra-day 22530-22550-580 should ideally cap, with a possibility to test the lower end of 22350-400.
Supports 22480-22450-22380-22340
Supply: 22565-22595-22628
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