Thursday, January 19, 2012

Market is too hot to touch

Today Bulls are in denial mood and it seems recent high is even higher. After defying all technical indicator, Nifty is still bullish. It seems Nifty will repeat, March 2010 again, when all indicator was bearish still it was going high. (For full report please refer: Is Bulls Back, I doubt)

I am not expert in this field however a keen observer and try to catch Nifty as per tested and classical method. Some times it took time but it works. And even if it did not click, then stop loss hai na. Ask any bear who traded on last three tuesday, he may explain better the importance of Stop Loss

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