Gold

Comex Gold reached 1241......close below 1241......next level 1228....

Take care...

Lupin

Lupin made a attempt to cross and close above the previous breakdown level....

But...not able to....

Now....Lupin says....no trading zone.....time being....

Just Caution

Just caution.....

We are in sidelines.....as far as Bank Nifty is concern....(refer previous post).....not taken out hurdle level....

My gut feeling says......Bank Nifty lost its strength...... Nifty higher level supply is going on....

As long as my 29th cyclical level not taken out......i prefer avoid buy on dips....

Just be cautious.....market loosing strength.....

We trade in Option and Index futures based on reversals till such time...

Avoid Buy on Dip....