power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, May 11, 2009
SIDEWAYS TO PROFIT TAKING
Markets just about moved to 3650 zone and profit taking/unwinding started bringing it straight to the weekly support of 3520zone ...breach of which takes us way down..noticable in todays trade was every fall proceeded with more fall & the Bulls just about were absent..Hope people had posted their gains last week..watch 3480-3510 zone in declines and 3590-3620 zone in advances..be careful in trades from heron as volitality could be increasing in coming days /weeks...enjoy the day..cheers..
WEEK AHEAD
Markets entering into a very critical timeframe of this humungous rise,3650 is going to be the S/R of this week. Some astro signatures also changing by this weekend(besides our election results) , which could signify changes. be a intraday trader this week 3500-3800 could be a range....enjoy the trade ..cheers.
PS: 100 ema intraday was in a 30 mins timeframe on friday,3582.85 was where markets took support..
PS: 100 ema intraday was in a 30 mins timeframe on friday,3582.85 was where markets took support..
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