23/10/2012 Tuesday
Hi all,
We have two down open gaps from higher levels which signals that sentiments is negative as both the gaps are yet to be covered. If these gaps are not covered by the time Credit Policy comes out, and if there is any negative substance then the fall will be fast n furious.
It seems that NF close below 5705 will again spell doom for bulls as the changed sentiments are already signaled but the tigger (Credit Policy) is still due.
But we do see smaller signals which shows where the trend is moving.
Keep a tight SL as per the levels for both (Longs / Shorts)
Bye
Hi all,
We have two down open gaps from higher levels which signals that sentiments is negative as both the gaps are yet to be covered. If these gaps are not covered by the time Credit Policy comes out, and if there is any negative substance then the fall will be fast n furious.
It seems that NF close below 5705 will again spell doom for bulls as the changed sentiments are already signaled but the tigger (Credit Policy) is still due.
But we do see smaller signals which shows where the trend is moving.
Keep a tight SL as per the levels for both (Longs / Shorts)
Bye