Get READY FOR 18840................ I have been cautioning you all for a while now. UNLESS we sustain above the UPPER BAND as given on the CHART ABOVE............... EVERY SUPPORT WILL MELT LIKE HOT BUTTER.
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INSPITE OF MY CAUTION STANCE TO YOU ALL.................. THIS MARKET DOES NOT SEEM READY FOR A FALL YET..................... CAUTION YES........
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NO TRADE ZONE FOR THOSE WHO DO NOT UNDERSTAND THE MARKET DYNAMICS IS BETWEE 19600-19884. JUST SIT BACK FOR A WHILE AND OBSERVE
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NS
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LONGS WERE CREATED ON BNF TODAY AT 43895......... WITH A RESISTENCE AT 43991... ABOVE THIS THERE R 2 SMALL RESISTENCES BUT THE NEXT MAJOR RESISTENCE WILL BE BETWEEN 44120-44170
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your opportunity on bnf should be '''now'''. stoploss 43891
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that was a 20 points stoploss so no big deal........... The enxt opportunity to BUY will be at 43590-95 zone on BNF
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FOR THE LAST 15-20 MNTS............. BNF HAS NOT CROSSED OVER 43891( LONG BUILT). UNLESS THIS IS CROSSED DO NOT GO LONG NOW. BETTER TO BUY TOWARDS 43575-595 ZONE. I WILL BE OUT FOR 2-3 HOURS
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I AM BACK..... LOOK TO GO LONG ON BNF NOW AT 43600-606 ZONE...... STOPLOSS 43586
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A SHORT OPPORTUNITY BELOW N SUSTAINING BELOW 43755.... FOR 43603
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AFTER YESTERDAYS RBI CIRCULAR........... THERE IS ANTICIPATION BY THE RBI THAT SINCE THE DISPOSAL OF HOUSEHOLD SAVINGS HAS FALLEN ACROSS THE BOARD... DEFAULTS MAY ARISE. HENCE THEY HAVE ASKED FOR EXTRA MONEY FROM BANKS TO BE DEPOSITED INTO THE RBI AS A RISK SECURITY. NOW, THIS MAKES TODAYS LOW ON ALL INDICES AS UTTERLY IMPORTANT. WE BREAK TODAYS LOWS GOING FORWARD, THERE WILL BE BIGGGGGGGG TROUBLE, SO STAY CAUTIOUS