Thursday, July 11, 2013

Upswing Expected After Triangle and Flag Formation

The Nifty was well on the way to our expected target levels of 4300 and below but was then interrupted by a quick and sharp upmove. These temporary corrections are expected on the way and in no circumstances do we expect the Nifty to go to 4300 and below in a unidirectional manner. Our job is not only to make a prediction on the direction of the market but also to trade on it. And while our predictions will help our trades to be more profitable but at the same time we have to be prepared for times when our predictions may go wrong. It is at times like those when we have to listen to what the market is trying to tell us. We just need to listen to the markets, they too have a language, and, believe me, it is not difficult to do that. Anyone can do that, all you have to do is to learn Technical Analysis.