Wednesday 7 August 2013

Hi Friends,

Analysis of Day: Down Day or Bearish day.

Entry Zone: The entry Zone has been market with arrow.

Reason 1:  Price at resistance of yesterday low.
Reason 2: Price on pullback mode.
Reason 3: Dragon fly doji has been formed at resistance
Reason 4:  Sentiments changed with bearish candle.
Price did fall from Entry, and took support around 5500 range and  formed a trading range. If we are in the trade today, we should have exited the trade at small profit or at small loss. This is what trading is all about " keeping your loss small and letting your profits run"


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