power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, December 29, 2008
SURPRISE SURPRISE
What can one say, the classic WHIPSAW..saw NIFTY taking support at the levels given by me in the morning and before------ turned, moved up , stalled a bit at 2880 and surged ahead to close at the top of the day at 2930 a resistance area., making shorts cover. The participation is light due to holidays ahead and serious trading will get underway only next week. Trade light and in the direction...Cheers.
WEAK GLOBAL CUES
Going into the NEW YEAR , markets are on a back foot right now , volumes are light and no major swings are expected..2880 emerges a region to watch over which is 2920 area..and supports at 2820-30 zone.. trade light and in the direction so as not to be whipsawed..happy trading Cheers.
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