The market for the past one week has not been promising probably because the market was uncertain except for the past two days where the market has shown a kind of direction. This could be due to the fall in crude oil prices in the world market quite recently. Today
In long run, the market is still bullish but the very very short run, the market is already in bearish situation. The forecast for today;
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1) If the market opens between 2273 to 2283. Buy after the market has dropped 5 points below the opening level or buy after the market has moved up 5 points above the opening level.
2) If the market opens between 2238 to 2266. Sell after the market has moved up 7 points above the opening level.
3) If the market opens between 2220 to 2233. Sell after the market has moved up 5 points above the opening level or sell after the market has fallen 5 points below the opening level.
4) If the market opens between 2195 to 2215. Sell after the market has fallen 7 points below the opening level.
5) If the market opens between 2288 to 2310. Buy after the market has moved up 7 points above the opening level.
6) If the market opens beside the above, it is your call......I am blank......
7) Please refer to my posting dated 12th January , see # 6
That's about it. If you are not sure.....please refer to your futures dealer. If you are still not sure...then just let it be...
Have a nice trading day...guys and smile.
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9.45am.
