First of all CHRISTMAS greetings to all my reeders. Just a kind of week which was required for all participants who went with the flow of markets since previous 7 weeks. Mondays move was just a worning,if you are not hedged with your long positions in this market you would put yourself in greater amount of trouble. This was the only reason I suggested multiple times to stay conscious while chasing the upside. Although NIFTY recovered completely from Mondays low we were stopped out at 13500 which was our trailing SL for all long positions. After that several opportunities were there for us using weekly angles.
On time front 28th means monday is very important vibration day. It holds equal importance as was 9th of DEC. As far as price is concerned 13800 would remain a key point to watch. A sustainable trade above it would push prices to 13870 and 13980 on spot. Supports would come at 13590 and 13500. If 13800 is crossed we may even cross 14000 very soon.
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 