A VERY HAPPY PROPSEROUS NEW YEAR FOR ALL..

Markets just about did nothing and kept checking the range and leaving a footprint of app 2950-3000 levels to watch for any breakout..lets enjoy tonite and let the heaviness of 2008 go by..take care..wishing all a very happy prosperous new year ..rajan bhatia.

LAST TRADING DAY

Markets have at least tried to cheer up all by recovering from (MAGIC LEVEL 2860), to move upwards close to 3000.(ASIA IS POSITIVE).which is app. half of where we were on 31st December 2007..The huge price damage and erosion which has taken place in this last 1 yr would surely be a dampner for this NEW YEARS celebration for many . 3020 is a resistance zone , cross of which can take us to 3110-3150 and supports now lie again in 2900-2920 zone.. happy trading ...cheers..