The Market after it maddening ride yesterday would be in a more somber mood, people trying to cash out and those trying to get into the ride will certainly make this a chopping trading day.The question is whether the ride has any steam left.The futures did cross 7900 and as usual makes a retreat if we are to take the sgx nifty into account.Hence if the market does cross 7900 spot nifty pause and analyse if this market has any steam left.Or will it retreat quickly to the levels of 7750 and there about.
This is going to be a very deceptive day with stop losses going to be hit on both sides.Hence one needs to be careful to see they are on the right side of the game and not caught on the wrong foot. The shorts will start building up and especially with the figures coming out on Friday which might bring in some surprises but not on the pleasant side, then we could see the market retreating.
As usual have a safe trading day , and a prosperous one.
This is going to be a very deceptive day with stop losses going to be hit on both sides.Hence one needs to be careful to see they are on the right side of the game and not caught on the wrong foot. The shorts will start building up and especially with the figures coming out on Friday which might bring in some surprises but not on the pleasant side, then we could see the market retreating.
As usual have a safe trading day , and a prosperous one.