Friday, August 29, 2008

DAILY TECHNICALS



Markets at supports..intraday charts show resistances at 4300-4413 and support at 4185 zone..as i said yesterday evening that care should be taken at 4200 levels ..DTI which cut downwards 2 days back still is below zero and pointing downwards..with global cues being positive markets should open in positive ..BREACH OF 4220 ( which is also 50% retracement of 3790-4650) may take the markets to 4160 zone which has to be held failing which as seen in the speed lines we will head to 3965 or lower levels..cheers & happy trading.

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