power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, July 8, 2009
UNWINDING
Markets just about going around unwinding the huge move of last month , many retail guys expecting solid move up during this week, are badly stuck in longs and wont know what to do till this slide continues..Today was a waterfall fall...the supports unfortunately are way down... markets held todays low at the EOD..and if this holds or around 4020 expect a small bounce back again to 4150-4200 zone..Today it seemed FII will have sell figures again..based on the huge fall right from the opening..Another good day for intraday swing traders...enjoy the day cheers..
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