Sunday, November 16, 2008

TOUGH WEEK AHEAD

it will be a tough week ahead and could be a traders nightmare if one is caught on the wrong foot.I will advise all to trade with caution and see the trend before plunging resources for a longer committed play.2900 ZONE seems to be the S/R for next week. We had ended the week on negative grounds with wild swings & as US markets too gyrated wildly on friday ending finally in negative territory , it will be worth watching the Asian start for the next weeks cues.Watch 2760 closely for weakness downwards.& 2920 for upward breakout in NF..happy trading CHEERS.