Yet again we are seeing a time cycle period approaching.But before that lets look into what was suggested previously.
Earlier according to the Time Analysis - Check Chart
The index bottomed around the time period exactly.
Later had posted a view about the possibility of Sensex crossing 18k in July 2nd week which is possible but the ending part of the move can be tricky – Click here to check chart
So on the positive side there is a possibility of an upmove in coming 2 weeks but thats just another 300-500 points but the risk-reward is no more favorable. Over the next few weeks though one can continue to carry the longs but AVOID LEVERAGE as part of discipline. Ride the momentum with trailing stoplosses and strong midcaps to conserve the gains.
Although i might be a little early in giving a discipline signal but its better to be alert then be caught unaware. The same disciplined approach helped us go leveraged at 16k buying where the rest were scared and were heavily rewarded. So now one needs to conserve gains and focus on increasing cash on rise as i expect the street to get optimistic now !
Would not be able to post the stock view for next 2-3 days as busy with the new office.
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