Wednesday, February 18, 2009

MIXED DAY

Well markets just about did what was expected by us opened down to start a immediete pull back forcing shorts to cover , (OUR PRE-MARKET CALL OF BUYING 2700 CALLS/ NIFTY FUTURE /SELECT STOCKS ON OPEN ,ROCKED TODAY..)it traded in a zone the whole day and all rise were sold into..with Markets ending flat there by giving nothing away and just about unwinding its oversold positions a bit.Global cues will dictate the next few days movements..supports still lie at 2710-30 zone and resisatnces in 2830-60 zone...enjoy the day..cheers.

WEAK CUES

Global cues are weak and we too will open down and will move into oversold zone... select stocks etc can be bought here for the bounce back , as 2710-2730 NS should lend some support after 3 days of pounding..trade with care & in small qty adding to positions as the trend develops....cheers