Morning update Fri, 7th Nov:
Many readers were surprised as it was mentioned to cover shorts by EOD y’day.
In spite of fall in US & European markets yesterday night, the Asians are recovering fast this morning from their weak open. (SGX CNX Nifty opened at 2752 have recovered till 2860)
Today, it could be a ‘pause’ for downtrend prevailing or even there are strong chances for a surprising bounce coupled with +ve dow futures. Yesterday, it was mentioned that Dow has strong chances for an up move on Fri.
Today, the traders should concentrate on intra-day trade only and trade below 2850 could be safer to go short with strict SL. The sustaining above 2910 could lift it to 2945/2975 and even 3000.
It’s better to close all positions before EOD.
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November
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- Morning update Wed, 26th Nov:
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DISCLAIMER:
Investment in stock markets is very risky(so it is always better to advise others than trading own). Any analysis is not 100% accurate and for best results, always check charts (?) before investing or trading. No responsibility is assumed for any adverse consequence resulting out of acting on them. Lastly, the blogger may have positions (opposite too) in the trades mentioned in this blog.
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