Feelings naturally appear during trading. The feelings we don’t like seem to have roots deep in our unresolved issues. Somehow they get stuck and do not finish passing through, and can cloud the judgment and interfere with trading. The feelings we do like seem to pass through quickly without much trace.
I suggest getting to know your feelings, by experiencing them, expressing them, letting them pass through and finding out they are pretty much all good ones.
Jet engines work best when they are open at both ends.
Today is Crucial RBI meet Will it be Non-Event, Rate cut expectation are quiet less looking at high inflation figure we got yesterday.
- No Surprise will lead to continuation of trend ie. Upside
- Repo Rate Cut of 25 BPS bullish upside move towards new high of 11226
- Hawkish Statement that further rate cuts will not happen in April a down move can occur.
On Daily chart it broke the upper trendline (shown in red)with a gap up came down to take support at trendline and bounced again.
Buy above 10936 Tgt 11013,11111 and 11207
Sell below 10855 Tgt 10791,10713 and 10671
ITC remains in limelight during budget season as more levis on tobbaco will be negative for stock and no news is good news.
Technically ITC is forming higher lows and approaching its life time highs.
Buy above 214 Tgt 216.3,218 and 220
Sell below 210.6 Tgt 208.6,207.2
Welspun Corp is forming a symmetrical triangle and a breakout is on cards above 145 levels.
Buy above 145 Tgt 147,149,150.4 and 152.5