Markets opened up in the POSITIVE as per Asian cues and carried on from there discounting the results already, by closing at the top of the day..Dont think there is any point of discussing technicals etc when a EVENT is round the corner..The range & breakout i have mentioned already in my last few posts ..enjoy the weekend.. cheers..
PS: As discussed and suggested we went flat today..no positions before the event...
Friday, May 15, 2009
FINAL COUNTDOWN
Results will be out this weekend and the Indian markets will react temporarily due to this event before settling down to the reality and global markets..Stick with intraday trade if you are a compulsive trader, go flat and let the event pass on monday..Markets should settle around neutral zones today of the 3550-3650-3750 zone..A breakout/down of this range will surely come in the coming days / week..but which side , who knows, in fact all this hulla may even end in a damp squib too....enjoy the weekend and start fresh next week...cheers..
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