Friday, April 24, 2009

TESTING TOPS

Markets slowly inching towards the old tops once again , and the bulls mostly gaining till now from yesterday..Will we cross the old high and move on or this becomes a double top and we finally relent..Lets look over this through some charts over the weekend for some cues..enjoy the weekend..cheers.

RETESTING TOPS.

Market broke out of the downward trending channelwhich I had posted yesterday morning in the chart ,to close higher..3511 will be watch zone again..and 3420-3380 as support zone.. There could be volatality again as BULLS & BEARS will fight this 3450-3500 zone hard..trade carefully and light and try not to carry overnight positions..enjoy the day ..cheers..