Friday, December 26, 2008

TESTING SUPPORTS

Markets just stalled at 2950 zone after making a brisk start , all we heard the whole day was war cries/news/rumours..so much noise created today....the result was nifty quietly slipped to 2900 and 2850 levels before any one could know..so what next?????..Weakness is there for test of 2830 area below which it may be a straight run down to 2750-2700 now.Lets see how the weekend traverses over the borders for us to make a move next week..enjoy the weekend cheers..

WEEKEND TRADING

It could be lackluster trading today or the next few days as most large participants maybe holidaying..2930-2900-2880 should be a support zone for a test again of 2990-3020 area..watch 2950 area closely for some clue to trade today..Trade light so as not to be caught on the wrong side in any  sudden move in the next few days.happy Trading ..cheers.