power house for nifty technicals and stock market fundamentals with charts and technicals.
Tuesday, February 17, 2009
RETESTING SWINGS
Markets had moved from 2754 and the 7 days gains reversed in 2 days..Break of 2860 took it all the way down to test the swing lows.Many price support swings lie in this zone btw 2750-2770..Hope this level holds failing which the supports shift to 2700-2660 levels ..Overseas cues can also give some fillup for a bounce to our markets..enjoy the day..cheers.
WEAKNESS ALL AROUND
Soft cues after days of huge expectations of a rally after stimulus package or budget etc fizzling out yesterday...2800-2780 area is where supports can come.. Markets has unwinded now and lets see where the retracement takes us to give us the view of coming days( watch 2880 again)..Trade with the trend as it comes..enjoy the day cheers..
Subscribe to:
Posts (Atom)