Tuesday, July 10, 2012

Market Closing Update: Mea Culpa

Long bias is proving correct, so action is to not have shorts in the Indices or stop out. Now 10645 will act as support and point of accumulation on long side , a breach down this week will make it a trap. How dollar is aligned is giving strong signal for more equities upside through summer.....Bank Nifty can easily cross 11000, if this move today holds.

Good Luck Trading

PS: Refer to set-ups post, to see how the whole trade got set-up amazingly

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