The Nifty takes a one day breather.

Friday saw a minor decline in the Nifty. This comes on the back of big gains seen for the past two weeks. One day is not the start of a correction.It is possible that markets can resume their rally.

Technical Traders should always go with the trend. The basic theme is: assume that the trend continues until proved otherwise.

[I will be in Kolkata on Saturday and Sunday to meet my parents. My visits to Kolkata usually coincide with a meltdown in the market. I wonder if this is a technical indicator?? This was in a lighter vein]