power house for nifty technicals and stock market fundamentals with charts and technicals.
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
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