Monday, June 15, 2009

INDIAN UNITY

Seems we Indians have great unity , we just followed our T20 Team today( spiralled down )..Unwinding was the key, though RIL being soft added to the fall..We did take a support near 4510 and bounced back some good 80 points, to get a huge unwinding JERK again..Well the Market today again was a traders paradise..with a TWO way SWING's..Both BULLS & BEARS went home happy..Below todays low 4400 area is a watch area.enjoy the day ..cheers..

STARTING SOFT

Cue's not very encouraging..( Indain T20 Team too hit the dust)..Weekly range could be 4400-4750, Profit taking on every rise will be routine ,,,,4510 is a support zone to watch..Can it still be in a range bound intraday swing like days before...Maybe yes..but be very careful of the sudden JERK which can happen both ways...The size of the DIPS will be the cue to markets ahead..watch that and VOLUME/TURNOVER closely this week's for Trading stratergy..Happy trading..cheers