power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, June 1, 2009
POSITIVE DAY
Markets gave the 3rd gap up, traded below the pole the whole day & finally ran up in the last hr. to close near the morning highs..4620 could be a tentative target over 4560 ..Weakness below 4510.. Most traders & Intraday players are just chasing the momentum , as no one knows when & where this party will end..follow the techs .. and trade with strict SL....cheers..
MONTH AHEAD
Markets moving up every week from March onwards ...JUNE MONTH's S/R is 4200 with a range of 4100-4600 in smaller frame and app. 4800-3800( or a little more broader range) in a larger frame.Weekly techs suggest a range of 4200 -4600, As i mentioned in my note yesterday , this week will be a very interesting week to watch moving forward( watch DOW 8600 levels closely for cues...) enjoy the trade ,but keep strict SL's. cheers
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