Monday, December 7, 2009

THE WEEK AHEAD

Markets globally are halting and testing strenghts it seems, every rise is being sold into..Is it distribution going on..Weekly charts are not very healthy and some positive cues are urgently required by markets to arrest this trend & cross the Old highs quickly...failing which a drift downward will start for retesting lows once again.. nearer or deeper who knows???? 5100 seems to be the S/R of this week with a wider range of 4900-5300 in the coming week..trade accordingly ..cheers.

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