Tuesday, December 2, 2008

RESISTANCE FALL

Right from the word go yesterday market failed to cross 2850, slipped hard in late trade and will sell off today as the whole world indexes are bleeding. All Supports will vanish today..watch 2574 & again 2524 , though the sellout says maybe this support maynot hold this time and we may go all the way down to 2300 & below if we break and close below 2500 anytime in the next few days. As advised be careful of entering longs in a hurry, let the volitality settle, remember there is no bottom for a falling market.....Cheers.

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