It's been about four months since I last updated this blog. At that point, I had envisaged a counter-trend rally about to begin within a day or two. So what really happened? Fortunately, the rally DID occur! I admit to feeling rather chuffed about it. :-)
Anyway, the reason for my absence was a rather complicated one. Suffice to say, I am back now and will endeavor to update the blog every trading day.
Moving back to FTSE, the index had been in a mightily boring range for a few weeks. Only now, it is showing signs of a possible breakdown. Hopefully, we will see a move down to the 180 degree level initially. And should the momentum prove strong enough, perhaps down to 270 degrees as well. Interesting few weeks ahead!
Possible Upside Target : 4,284.3799
Possible Downside Target : 4,197.1396
Bullish above : 4,248.4937
Bearish below : 4,224.0659
N.B. Outlook for NIFTY will resume in a day or two as I need to organise missing data.
Posts
No comments:
Post a Comment