power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, September 10, 2008
SLIPPING AGAIN.
Market slipped again today and moved towards 4398-4400 support zones..metals gave way in a big way , so did index stalwarts, thereby giving the impression of weakness and no conviction of moving up..intra day charts are indicating further weakness ahead & we will have to wait a few days maybe for confirmation by closely watching the 4364-68 zone & lower at 4328 , if it breaks this levels and closes below this , this could be a confirmation a deeper malice than is visible today...Global clues are required to trigger any upmove & Bulls have to defend this area strongly to resume their upward journey towards 4650 & above.. be careful of bottom fishing..cheers.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment