hope the levels provided today morning were enjoyed for shorting and making money ..pls. also refer to the chart of 17th august of nifty extensions..it had the first target of 4269.87...WE DID 4271.3..nice run from 4650...below this 4173-4050 are the targets in case weakness persists globally.hope friends visiting are enjoying the levels and making money in tension free trade. cheers..
ps. will post a ANDREWS PITCHFORK target for intraday levels and trading tomorrow..dont forget to visit..
Thursday, August 21, 2008
DAILY TECHNICALS
markets took resistance around 4420-30 area the whole of yesterday and could not move ahead & and will remain resistance for today too as crude is climbing higher & asian markets are soft , a pull back can be expected. area to watch is 4384-4369-4316-4300. markets maybe in range bound move as global clues have not given any further moveup triggers so one can wait for some direction break out to initiatetrade.trade in small quantity only for a day or so & watch the volumes during the day and direction.. cheers and happy trading
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