The chart above is self explanatory. the Extension Targets shows resistance around 4330 and then 4450 & around zone..support at 4130. The DIRECTIONAL TREND INDEX is still negative despite the huge rise as this is a slower indicator and turns over a period of time. As Asian cues are flat, profit taking may be the call of the day , despite the fact that FII not only covered their shorts but went long too on friday. wait for a dip and see where we head in next 2-3 days, Bravehearts should surely take profit for their entry below. ..happy trading cheers.
Monday, September 22, 2008
ROAD AHEAD
The chart above is self explanatory. the Extension Targets shows resistance around 4330 and then 4450 & around zone..support at 4130. The DIRECTIONAL TREND INDEX is still negative despite the huge rise as this is a slower indicator and turns over a period of time. As Asian cues are flat, profit taking may be the call of the day , despite the fact that FII not only covered their shorts but went long too on friday. wait for a dip and see where we head in next 2-3 days, Bravehearts should surely take profit for their entry below. ..happy trading cheers.
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