Monday, February 9, 2009

TRICKY AHEAD.

Markets move into resistance zone immedietly on open at 2860-2880...and above this 2910-30 will be the reactive range ..supports lie in range 2770 -80.. keeping the EVENT in view iestimuluspackage& its clearance ,could just rock the cradle either way going forward..Low volumes suggest WAIT & WATCH POLICY..Trade in small qty. for a day or so but definitely in the direction of the market..Overnight positions can be avoided for a day or so ,soas not to be caught on the wrong side of the trade..enjoy the week..cheers..

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