SLIPPING AGAIN.

Market slipped again today and moved towards 4398-4400 support zones..metals gave way in a big way , so did index stalwarts, thereby giving the impression of weakness and no conviction of moving up..intra day charts are indicating further weakness ahead & we will have to wait a few days maybe for confirmation by closely watching the 4364-68 zone & lower at 4328 , if it breaks this levels and closes below this , this could be a confirmation a deeper malice than is visible today...Global clues are required to trigger any upmove & Bulls have to defend this area strongly to resume their upward journey towards 4650 & above.. be careful of bottom fishing..cheers.

DEMONS RISE AGAIN

Despite of crude in range of $103 , US markets slipped hard and lost all gains displaying fears of further financial crisis namely Lehman bros etc. Asia and our markets too had displayed weakness and still continue to not show any conviction of upward moves. support still is in range of 4400 and deeper down at 4368-4320-4304... resistance at 4497-4522..trade carefully as markets losing timewise possibility of closing over the previous high. .. Are the markets making up their minds for a big move..time will tell..cheers