Thursday, December 18, 2008

WHAT A PULL BACK

Markets again surprised everyone by displaying weakness in opening & completely reversing yesterdays fall by EOD... 2990-3020 did provide some resistance , but failed to hold the upmove.. Break of the top 3076 will take us to the level of 3148 and slightly higher of 3200-3220. Trade once again with caution on the long side and wait for good dips only to get in..The markets are stretched on the upper side..kets see how trade unfolds in the next few days ..cheers..

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