Friday, December 12, 2008

Uptrending Nifty bounces off the supports of 2810-2830.,resistances ahead...

A trading strategy that has worked mostly....
When in uptrend,if the world mkts are down, you get a buying opportunity..
When in downtrend,if the world mkts are up, you get a selling opportunity..

And today the bulls had that buying op.at 2810-2830 levels.

Market is stretched for the shortterm. No trend reversal indications are visible.
Book profits into rallies and buy into weakness near support levels continue.

Weekly has given the buy signal very convincingly.That is another plus for bulls and for the traders as the mkt swing can get bigger on both sides.Keep trading.











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