Wednesday, April 8, 2009

WHAT A VOLATILE DAY

Huge fall and then the recovery and what a spectacular rally then over yeterdays close..close above the last high 3303 favours the Bulls and that means Big Bears have thrown the towel for the time being and covered their shorts..Markets again moved into overbought territory and PCR too going into one sided mode..3390-3430 is a area to watch now on the upside and 3270 becomes now the stop loss for longs..( the good dips it seems are not coming for a good buy and markets just creeping up) i will still say wait for a good correction to get into the market.. this volatile market is not for small traders/investors ..enjoy the day cheers..

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