Friday, January 23, 2009

WEAKDAY

Markets opened weak and almost remained weak the whole day drifting towards 2650 levels ..Tough days for traders everyday as the fall is so slow and halting..If these levels are breached on tuesday , we can expect a ride to 2570 and deeper at 2530,,,,resistance now shifts to 2710 and 2760 above..Enjoy the long weekend..cheers..

LONG WEEKEND TRADING

Its a long weekend ahead,markets all over are soft, 3 days left next week for january settlement, whats to be done????? range right now is around 2650-2700-2750 and maybe for the day..trade light and cover positions at ay end and start afresh from tuesday..there could be volatality in store next week , beng the settlement week..cheers..