Analysis and Game Plan - 7 January 2019
We are constantly moving up with high volatility. Market is moving up by giving a lot of whipsaws. This pattern will follow for some time.
On Friday, Dow Jones shot up by more tha 700 points and even touched 800 points due to Fed's rate hike stop commentary and trade talks start between US an China.
What was long Unwinding for 2 3 days turned into long buildup. Today we may look up at a gapup of 100 points on Nifty and 200/250+ for Bank Nifty.
Game will start after that. Whether we sustain the gapup or we fall. Financials stocks are looking strong.
I think after a gapuo market may go sideways, where I will take a bullish positions.