power house for nifty technicals and stock market fundamentals with charts and technicals.
Friday, December 19, 2008
TESTING TOPS
Markets are defying gravity and testing the tops again and again. Looks like the settlment is the main sentiment right now. Close over 3100 will take us to 3148-3200 area and below 3050 we are headed for 2990-2950 area..lets look at some charts/technicals over the weekend to give us some cues...cheers
SOFT MARKET AGAIN
Markets are unsure to the direction they have to take, thats the reason of the reversals /gains. Above 3078 the levels to watch are 3148-3200 and below 3040 area, 2990-2945 . Trade accordingly..Cheers
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