power house for nifty technicals and stock market fundamentals with charts and technicals.
Tuesday, March 17, 2009
PAUSE DAY.
The continiuos rise finally halted at 2810 zone invoking profit taking, Markets still not showing weakness as yet as it took support at 2740 zone ... Any breach from this levels only will start profit taking with supports at 2660...Shorts/puts initiated /yesterday today yielded good profits. enjoy the day..cheers.
REALITY CHECK
Market is poised to take a reality check soon on this upmove.Expect some softness, lets see where it holds for any more upmove..Resistance are in zone of 2810-30 and Support at 2737 zone below which we go all the way to 2660-80..Book your profits and maybe buy some dip ..enjoy the day Cheers.
Subscribe to:
Posts (Atom)