Classwork for Bulls today:
1. Not to test (taste) below 4305/4300 (PIVOT) today. They will not be able to "bear" the taste
2. Try to open above 4355 FUT (R1 for today) and sustain above it. 4355 is also 50% ret. level of 4455-4252. Obviously, this will only solve 50% of their problems (intermediate uptrend)
3. Thus, any dips to 4350-4330 can be used to enter intraday longs.
4. The short term downtrend with LL LH is still on with stop now at SPOT 4435 / FUT 4455 (Wed's HOD).
So, the last-hour exam for the bulls would be to take out this level, or atleast reclaim 4400 by closing above this - KEY for intermediate uptrend
Classwork for Bears today:
1. Make the bulls dance near SPOT 4390 (R2 for today), as 4400 will be a tough psychological level to break easily.
2. A reasonable swing trade on short side would be shorting near SPOT 4435 with stop above 4450 spot.
Today, it is possible that the ball will be today in Asish da' RSR 4455 FUT. Let's see if it can take 5 wickets in this 5 day test match (ie prove lucky for intraday trades for 5th consecutive time in this fight between 4300 & 4400)
1. Not to test (taste) below 4305/4300 (PIVOT) today. They will not be able to "bear" the taste
2. Try to open above 4355 FUT (R1 for today) and sustain above it. 4355 is also 50% ret. level of 4455-4252. Obviously, this will only solve 50% of their problems (intermediate uptrend)
3. Thus, any dips to 4350-4330 can be used to enter intraday longs.
4. The short term downtrend with LL LH is still on with stop now at SPOT 4435 / FUT 4455 (Wed's HOD).
So, the last-hour exam for the bulls would be to take out this level, or atleast reclaim 4400 by closing above this - KEY for intermediate uptrend
Classwork for Bears today:
1. Make the bulls dance near SPOT 4390 (R2 for today), as 4400 will be a tough psychological level to break easily.
2. A reasonable swing trade on short side would be shorting near SPOT 4435 with stop above 4450 spot.
Today, it is possible that the ball will be today in Asish da' RSR 4455 FUT. Let's see if it can take 5 wickets in this 5 day test match (ie prove lucky for intraday trades for 5th consecutive time in this fight between 4300 & 4400)
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