The Nifty on Thursday has closed above its 34 day Moving average. The intermediate trend is up. This could change but as of now the trend is upwards and positional traders should trade with the trend.
Whether this is a bear rally or bull move time will tell and these discussions are best left to the "experts" on TV.
Ours is not to reason why
Ours is just to trade...let other cry
The bear market we are in has completely destroyed the long-held belief that you can “buy and hold” your way to real wealth. It has become a short-term trading market, and those investors who understand that… and can act on it… will have a chance to prosper this year.
Friday, April 10, 2009
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