Festival greetings to all my readers. Market too has enjoyed this festival season. Last 15 days has been very joyful for all investors and traders.
As far as current setup of NIFTY is considered I already mentioned 12850 is a key going ahead. Saturdays Muhurat trading gave lot of comfort and clarity about the Trailing SL which ultimately stands at 12580 on spot for now. As long as 12580 is held no need to complicate things current trend is up and it would remain up until 12580 stop is protected. Cycle levels on upside are 12950 and 13100 expect a good correction once 12580 breaks.
Wednesday and Friday important days for this week. Keeping this post very short. Wont be more active for this week.
Disclaimer views expressed above are personal. And are Subject to change with time. Any Trades taken with reference to above Analysis has to be at your own risk. Trading in Financial markets is always subject to risk. So dont forget to consult your Financial advisor before taking any trades.
gann,insides 