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.

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