power house for nifty technicals and stock market fundamentals with charts and technicals.
Tuesday, February 10, 2009
WHAT A DAY
Market slowly moved spot on to 2950 zone to react as it should have to profit taking then taking support again at 2890 zone to bounce back for the event tonite in the US..Looks like they have squeezed the juice out of all shorts ( lower rating puts bought in 2750-2800 area completely finished)..so what next..Nothing much today as its already over and lets see what tonite brings..enjoy the day ..cheers..
REACTION TIME
Markets after a 200 point move may give some kind of reaction around these areas..2950-2990 is the resistance zone ans 2860 and deepar at 2830 now is the support zone...keep booking profits , wait for a dip to get in ..cheers.
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