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power house for nifty technicals and stock market fundamentals with charts and technicals.
Thursday, June 18, 2009
PROFIT BOOKING STILL ON
Nothing much to write about todays mayhem, except if you had booked last week at top,we are app. 500 points down now , today was the day to deploy some of that money for a trading bounce..anyhow..4200-4180 is a good support zone below todays low and 4405-4445 will give resistance..we are oversold so bounce can be expected..INTRADAY SWINGS are giving good returns to technical traders ..enjoy the day cheers
CAUTIOUS AHEAD
Markets gave the much awaited JERK, ruffling quite a few DIEHARD BULLS..Can it be another buy in dip market..????The next few days will tell only,Only cross of 4520 now will be a BULLISH MOVE..& for now It could just be a sell in rally..4350-4450 is the range now which will be broken either way....enjoy the trades..cheers..
PS: The note of caution given from last week in this BLOG of the MAJOR STAR going retro & the JERK around the corner..must have helped all of you visiting here..Keep visitng or join our service ...
PS: The note of caution given from last week in this BLOG of the MAJOR STAR going retro & the JERK around the corner..must have helped all of you visiting here..Keep visitng or join our service ...
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