power house for nifty technicals and stock market fundamentals with charts and technicals.
Friday, September 18, 2009
LONG WEEKEND AHEAD
After making highs of 2009 markets went into profit taking yesterday ..same may continue today as supports lie at 4950 to 4920 zone..Its time to put your thinking cap ON while trading..We are at highs ..& liquidity is the only driving force..Stock prices are not going up much but INDEX is..Take a breather and enjoy the long weekend or till settlement..Cash in your longs as we rise if you are still holding out..wait for a good dip to get back in..5040-60 could be a top for the coming days over yesterdays high..with 5150-60 as ultimate target for this leg up..enjoy the day cheers
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