Markets are dancing wildly in both the directions and its becoming difficult to trade .Because of election results on 16th May , the uncertainity is very high now and the risk/return can be exceptional .
The best thing one should do now is to wait on sidelines and wait for a good opportunity after the clear trend emerges . Dont think that you are loosing an opportunity , Not having any trade is a great position sometimes . Capital protection should be on your mind at this point .
Tommorrow view
I beleive markets may lower flat and then continue there move on downside . Markets may remain very volatile because of elections . The wise thing would be to paper trade or if you are too stuborn to trade then cut your volumes and trade by 30-40% of your original size .
Markets are showing extreme resistance at 3700 .. so a wise thing would be to short around those levels for intraday , dont carry .
May 13, 2009
Market view for this week
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2 comments to "Market view for this week"
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