Wednesday, August 27, 2008

MARKET REFLECTIONS

Market could not cross 4380 and below 4345 slowly drifted to recheck yesterdays bottom..watch 4304 closely for any upmove, and break of 4282 may quickly take it below 4248 or sub 4200 zone..index shares lost in last hour of trade which is not a good sign..trade carefully in the coming days..do refer to daily technicals posted on 21st august for downwards targets in case of breakdown. cheers
AS i will be out so no daily technicals tomorrow. just look at global cues and see the levels above and trade ..

DAILY TECHNICALS

Nothing much has changed, markets recovered all losses of opening ..after hovering around 4304 for the whole day..cross of 4345 takes it to 4380 & 4430-50 range or break of 4304 will test 4248-4200..the markets may remain flat to positive, trade accordingly, cheers