Today was BUY day but the buying power came quite late. There was a number of buy attempts in the earl but they were heavily sold off.
We took a short trade when it breached super trend support. But later it was stopped out as the decline did not materialise into a proper down trend.
Last hour buying was much more convincing and a long trade was taken @10750+, exited the trade @10790+. A bit too early, but still not convinced about after hour trading.
It was frustrating to get caught up in the whipsaws but BUY days in the beginning of a trend are usually late buying days.
News impact
CPI came higher than expected- core rate 0.3%, expected 0.2%. But the market did not fall to pre-market levels of 10660s.
Tomorrow is SELL day but today's closing was 99%. A follow through to higher prices is expected for tomorrow.
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