Investing to Wealth

Market is at a critical point right now. If breadth is not lying as it did back in May then a breakout is imminent. It can fool every once in a while but usually leads the price action.

The levels to watch on the upside are 1114 and 1130. Once 1130 clears then 1170 comes into picture. On the downside a close below 1090 will again muddle the picture. One way to play this market is to keep the position size smaller than normal. This would ensure that one is not caught like a deer in a headlight if one’s thesis doesn’t play out.

These days I am changing my tune more often than I would like but then I am at the mercy of the market rather than the other way round.