There's a pretty strong trend in assets right now, so I think you'll be right, and the idea will work out. But I'm worried that maybe we just haven't considered all the factors. What do you think about that?
GokulKannan86b
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Not a trap. Price held the higher low.
TheStocktrader_Skn
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@GokulKannan86b, what You are expecting from market tomorrow ?? As per me price broke the trend line on an hourly chart but failed to sustain on these level so i mentioned bear trap. if anything doesn't go wrong on powells speach today than we may have a good bull run tomorrow.
GokulKannan86b
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@SabirNayak Market is very strong with no sign of weakness. As i mentioned price held the higher lows in both Nifty and Bank, with N50 breaking the high and BN closed at the high
I am a intraday player and i dont hold positions overnight, unless there is a clear path ahead. I just enter when i see a directional move.
SPX is a little overbought on daily tf and moving inside a channel In 15 min tf, it is oversold for the last three days. I think market would move down a little and push upwards.