power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, April 1, 2009
VOLATILE TODAY
Markets made a higher low in morning on great weakness , turned and despite weak global cues just covered the whole distance to retest yesterdays top..3070 was a resistance area above which it can retest the tops again..markets are overstreched still ( testing the experts daily with the swings) and reactions can be sudden also..G 20 summit also is there over the weekend..trade light , try to book ur profits in longs if any ..enjoy the day..cheers.
SIDEWAYS AHEAD.
Markets after a good rally up may go into a sideways mode to see where it has to go..it was a INSIDE DAY yesterday..3070-2980 is the range to watch for anybreakout...deeper down watch 2900 closely for trades for the month of APRIL..It being a truncated week ahead Volumes may be light. Trade accordingly..enjoy the day..cheers..
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