Saturday, June 4, 2011

Trading range again

The Nifty is back inside a trading range. The cycles of expansion and contraction are common to all trading instruments but the Nifty seems somewhat special. This index has a fairly regular process of range expansion which takes Nifty to a new price level. followed by many days of choppy market action.

Again. this cycle is repeating. A big expansion saw the Index move almost 280 points. after whi h we have the trading range Developing. This range seems to be 5500 - 5600. A move out of this range should seee big moves again.

Today. I am in Bhopal for an Et-now investor camp. Ic you live in the city. do come and meet. The event will also be broadcast live at 11 am.

1 comments:

Srinivas said...

I did watch you on ET Now's investor camp and was great. Thanks to ET Now and the analysts like you to share your thoughts and educate the investors.

News That you can use