EOD 29th Oct:

EOD 29th Oct:

NIFTY : No surprise. Major Event tomorrow ,it was supposed to spend more time in same range .
              It was wise enough to not trade today and wisest if you don't initiate a trade before RBI announcement tomorrow.

Tomorrow ,any morning trade initiated , SL's will get killed both sides. Nifty either doesn't moves or moves hay way to take away stop losses before the final announcement comes.
I wont be trading before 12 PM tomorrow.

Looking at the technical s , already presented in the last post of Nifty,
I am expecting a bull run tomorrow on wards IRRESPECTIVE of what RBI comes with.

The trick is WEN TO INITIATE A TRADE.
You never know ,market falls 100 points tomorrow and smart traders fill their kitty at dearth cheap prices and in next few sessions we are holaaa above 6000.

My first target is 5850 .
SL 5550-5560              

SL will be revised as per the initiation timing of the trade. Its obvious if I buy at 5650 ,I cant put SL @ 5550........If I tend to buy near 5650 tomorrow.....30-40 point SL is max I can digest as a aggresive trader.

I am BULLISH and keenly looking when to INITIATE a long trade. The timing matters , directions later.

Will keep blog posted in market hours as I have something conclusive to say.



ICICI Bank did not give any long opportunity today.
During the first few ticks since opening , it was evident profit bookers are still active and it will be too early to initiate any Long trade. Who on earth wants to catch a falling knife.

Expected movement to kiss 13/22 EMA's prior to any major event .
 I am going ahead with No trade plan before RBI comes out with anything tomorrow,
After the event is over and market stabilizes, ICICI Bank should remain my first choice for long.