IS IT NU(CLEAR) or NO(CLEAR) DEAL.
Last week gains came due to crude got cooled off by $15 and Inflation figures 11.91(not too high as expected).It was a see-saw market last week.Good for day traders,Bad for Positional traders.
And major factor is Political instability.The cat will be out of bag on 22nd July.For last two days FII’s are Net buyers.The way the market reacted for last two days seems that the congress will win the vote of confidence.It is said the chart speaks before any action.We will wait and see.
Today and tomorrow we may see a very volatile session due to Political uncertainity.We have to be very cautious on our trade by putting strict Stop Loss or even we can avoid trading.Trade in Small qyantity.
Resistance : 4154 / 4192 / 4207
Support : 4042 / 3973 / 3894
1 comment:
Very useful tips thanks
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