power house for nifty technicals and stock market fundamentals with charts and technicals.
Thursday, December 18, 2008
WHAT NEXT ???
Profit taking started yesterday from the open and any rise to 2990 - 3020 zone may now be utilised to clear longs, any further fall can take us to support zone of 2880-2860 below which a steady fall can start.Lets see how markets unfold in the next day or so, be a trader now and trade with small SL in the direction of the markets....and trade light for the next few days for markets to decide their next course. It seems yesterday a near term top is made, in case this top is taken out and we close over it , the logical target will be 3200-3220. Happy trading..cheers.
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