Tuesday, May 19, 2009

RUNAWAY BRIDE


Well Well no techs no fundamentals, just sheer momemtum and short covering by nf shorts & call writers will take markets up again..So 6th gap opening now..What next????...4650 should be a neutral zone for supply, cross of which can take us all the way to 5000 or a little lower zone..Bear in mind that valuations have to justify this kind of rush up..for this rally to sustain..the above MONTHLY chart is self explanatory..See the resistances and supports and trade accordingly...Do bear in mind that this rise up has comletely changed the support levels of our markets..enjoy the day..cheers..

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