Lets Rejoice Again

Silver has been week for past 3 days ever since it touched the 54800 mark. Many naive traders kept carrying over their short position after seeing bearish crossover in stoch and MACD. What happened on friday has consolidated my faith in conservative Technical analysis. On friday price was still goin down whereas MACD, stoch,RSI were making higher low showing there was buying pressure being built up at this level. And the silver made high of 54100 after making a low of 51900.

ooops! I Did It Again

Truth will sooner come out of error than from confusion. 
Francis Bacon



As decided, I traded ekc in the first hour. I might be the first person who sold ekc shares and  though hourly charts clearly showed that it was the right time to go short still its the perfect example how sentiments changes technicals and fundamentals. See what happened to EKC this morning.
So no hesitation to say that the trade failed.

Check out the movement in first hour and both indicator clearly showes the bullish start of the stock.

Quick Bucks

Chains of habit are too light to be felt until they are too heavy to be broken.
Warren Buffett

Though the index afftects the stocks in broader term but as far as shorter swings are concerned, no matter where market moves, every stock has its own movement.  Like where Nifty is expected to have a gap-up opening tomorrow, EKC seems not to get free from beers' clutches. Have a look

well, I recommend to short EKC at opening at current level that could be covered at 95. So Rs. 5 in an hour an hour is not a bad deal. Its 5% man. Whewwwwwwwwwwww!