Index trying to pause or stop its fall

Index had a good day today. It seems to be trying to stop its fall at this level. Current level of index coincides with 50% Fibonacci level and 200 Days WMA in weekly chart. Interesting!! It seems,index “may” not go below 5200 level(for now).

This could however very well be a ‘dead cat’ bounce. We are not sure! That is the beauty of trading! We are never sure,and we will always have to take our chances.

I am putting together a list of stocks to be watched and perhaps bought,if things go well. Today,I got “Shepherd”,which I wanted to buy some days ago! Shepherd had clearly shown accumulation phaze in weekly chart! But anyway,here is my watchlist for now:

• Acmelab
• Mhsml
• aamranet
• Citybank
• Dbbl
• Doreenpower
• Fekdil
• Kdsaltd
• Islamicfin

Let’s see how things go!!! 🙂