power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, November 4, 2009
IS IT OVER ?????
Markets today may just about recover some of its very oversold positions with help of global cues..We have been breaking every Lower swing & not crossing the High swings it makes from the last 10 days..FII selling in delivery ,thereby implying selling on rise..Well it has to stop one of these days as 2100 points already shaved off the sensex( we are oversold )..4670 is now a resistance zone and 4510 a support zone...deeper still 4380-4400 around is where this may stop...investments in select shares , in quantities comfortable to you can be done in 4400-4600 zone for the pull back to at least 4800-4850 zone....enjoy the day..cheers..
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment