Thursday, June 11, 2009

CONSOLIDATING

Markets did just about the consolidation game, with the CLASSIC ..JERK ..of the heights.. What next..app 4600-4650-4700 range is set..nothing much to do except ride the breakout , and in the direction....Care should be taken while trading in coming days to trade with strict SL...enjoy the day cheers

CONSOLIDATION AHEAD

Markets should take a pause after 2 solid days of gains..Some unwinding did take place yesterday at the peak..4740 is a watch zone over yesterdays top and 4610 as support..Market may trade in a band for a day or so and then see ahead from next week..Caution is advised though MONEY & MOMENTUM has made a MOKERY of all fundaments & technicals so far..still use technicals and play intraday ..enjoy the day..cheers