To sum up yesterday's market reaction : JAI HO!
The reality remains that no body could book profits, as market did not trade, due to application of Circuit Filter. Nothing stops from it happening even today and we may have another 15% market up but no body can trade.
I have attached a chart of Nifty Future EOD, indicating thereon about 5 gaps that the market has left, form the bottom of 2525.25 made on 6.3.2009. This gaps have to fill over time. So any buying at current levels should be viewed in this context.
I have also attached a weekly chart which gives important levels, relevant in the normal market conditions.
Given an opportunity one should sell in this eupohoria, as once this bear trap is untangled market may see normal levels/functioning.
Till then feel good with higher valuation of your portfolio.
Happy Trading,
Ketan Asher.
No comments:
Post a Comment