Friday, February 6, 2009

UPPER END NOW

Markets moved towards the upper end of the trading band(2750-2850) where some small reaction came..but still managed to close at the upper end of the band.Can it break out now on the upperside or will reaction be around the corner again..next week will unfold the whole drama. will look into this over the weekend for the clues with charts & technicals..enjoy the weekend..cheers.

STILL RANGE BOUND

Markets again dipped to take support at 2750 zone , however it is slowly slipping downwards as far as highs is concerned..ie from 2860 zone, now untill & unless it does not cross 2880, upsides are capped..The sideways trading is taking its toll by way of STOPLOSSES both ways..Trade less or maybe dont trade this sideways market and enter the breakout/in ..enjoy the day..cheers..