The markets could not hold on and move down through the day on Friday closing at 9257 down 115 points. This sort of movement is something we have gotten used to. We can expect more of this type of volatility in the days ahead. With the sensex trading in the 9000 plus range volatility is a part of our life.
As for the outlook for the future. It is still bullish in the long term. We can expect a sideway to downward movement in the week ahead, unless the previous top is taken out.
We are approaching the end of the year and a time to have a look at the broader picture and make our prognosis about the future trend. A wider perspective is always something we have to keep in mind. Now, is also the time to look back and diagnose the mistakes we made during the last year, learn from them and find ways we can improve our trading in the future.
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