I continue to stare at the screeen as the Nifty prints 5260 and I wonder how? To be honest I have had trouble buying stocks here.
My ever dependable NYMO has been giving me a bearish diversion, whilst working out the overbought condition. But the diversion means nothing in the face of this hungry bull which is planning to mow down every bear in sight. Now let me be straight here-- I am not a bear in this market, not been one for the past 9 months and it has put me on the right side of trades.All I am looking at is a minor pull back, which has been non-existent. I look towards the west and the S&P and I see it up over 14 days now!. I have never seen a bigger winning streak.
I still contend that these are dangerously high prices to buy into, but if you are nimble the risk may be worth it.
Posts
5 comments:
Yes Nimble is the right word for playing this market.
5242 is crucial, shorts are in business below this point.
Markets are getting stronger. I am looking for one touch of VWAP at 5248 to add to my longs I reduced at 5262.
Watch 9225-9230 on BN , can give a b-out move above 9230.
Sl would be 9190.
Revised SL at 5242 taken.
bank nifty trade did not trigger.
Change your buy stop to 9235 and jeep TSL 15 points below if trade is triggered.Target 9310
Post a Comment