Friday, November 14, 2008

MIXED TRADE- NO CUES

Very volatile day trading again like yesterday in a YO YO fashion. The range market made today is 2780-2860 where it spent most of the day.Lets see how the G20 meeting goes for any cues for the coming weeks..will look into charts for some footprints over the weekend..time for relaxing and some fun..cheers

WEEKEND G20 MEETING.

Looks like the world indexes are not taking any chance as the G20 summit takes place this weekend for radical steps to be taken to ease the WORLD FINANCIAL DISORDER, and have started by covering short positions before this event . As per the chart i posted yesterday, area to watch is wednesdays low of 2780-2750 zone as of now for any weakness to continue , if that area is held in close , our markets may try to consolidate in the 2860 zone once again , and attempt 2990-3085-3220 area..Trade light over this weekend and follow the trend formed from next week....cheers