Wednesday, February 4, 2009

STILL IN RANGE

2750-2850 is what the markets are moving around in..Something is required to trigger the move beyond these levels..the breakout would be fast furious.. The markets are daily closing almost near the lower end everyday , if we are seeking any cues..lets see whats in store in next 1-2 days( no point in wasting time , energy guessing where it is going or headed for , trade small and remain flat at end of day , start again the next day is best way to trade this market.) long term MOVING AVERAGES are flat...enjoy the day.....cheers..

HOLDING RANGE

Markets held 2750 and will look up in the range again as all cues are positive in US and now Asia.Area to watch is 2813 ,over which markets can quickly move towards 2880, below will still be supports at 2750..Trade accordingly..cheers.