Thursday, June 21, 2012

Politics and Trading

Politics and Trading is very much similar in nature. Everybody is only thinking of himself. I would request all of you to sticks with only current situation and do not fight with the reasoning. There should not be any question from your side towards market if you are a trader. If you are an investor, this is good time to accumulate quality shares. Market is not far away to forming bottom.
Yesterday I was expecting wild movement above 5145 and below 5045. However it did not move so wild as expected and bears has still chances to overtake. US is trading in red at the time of writing this post.
Short below 5124. for a target of 5095 then 5075. Maintain a stop loss of 5190
I am bearish for tomorrow trading.

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