Despite weak global cues our markets are just about charting their own path..app. 4330 is where they took off in morning trade and then finally zipped to 4430 zone , closing at the top of the day..What Next..?????? well let the Event unfold & the market participants will show their hand ..Seems volumes/ positions are very light and markets will finally look inwards into into the technicals and fundamentals now going ahead..enjoy the weekend..cheers..
PS: will try to look into some levels we can do this month going ahead and post those charts during the weekend.
Friday, July 3, 2009
WEAK GLOBAL CUES
Glabal cues not withstanding, we here are unwinding quickly on every rise to near 4400 zone..There are Right now no cues for any upmove from anywhere and mostly cues are pointing towards a impeding correction sometime ahead... (except something exceptional in the BUDGET for some more Indian markets runup)..watch 4400-4430 zone for breakout and 4250-30 zone for a breakdown....4330 emerges now as a neutral zone..enjoy the day..cheers..
Subscribe to:
Posts (Atom)