Saturday, June 20, 2009

THE WEEK AHEAD

The week gone by was full of excitement going down & with good intraday swings . Next week is settlement week and we can expect volatality also..The speed with which it recovered from the 4200 levels would have caught a lot of bears by surprise..Thats markets my friends ..Technically speaking the market was giving huge POSITIVE DIVERGENCE all through the day till the very end or lows.. implying clearly that it will bounce back very hard....& thus the gains for TECHNO SAVVY PLAYERS players ..The area to watch next week is 4400..We will climb back to 4500 maybe in case we stay over this zone ..below 4300 levels its tricky AREA again for test of low or below....enjoy the weekend..cheers..