power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, July 20, 2009
SURGING AHEAD
Markets have just about continued their last weeks gains & surged ahead to its Ist target of 4550 for this week.. Indian corporates. are posting good results everyday .Start clearing your longs ..as we are now in the reaction zone..buy in dips should be used from here on...Its been a V shaped recovery in 5 trading sessions ,amazing many a participants with its fury & steadfastness after such a bearish move not long back..Trade in directions ..enjoy the day cheers
WEEK AHEAD
Markets all over Asia are in green, The whole fall of budget blues will almost get recovered ..and Markets are approaching the reaction zone..This weeks range is 4550-4050 on a nominal scale and higher on a literal scale..4250 is a support zone..Take trades as they come as wild swings can be expected , specially as this week is also witnessing the a BIG SOLAR ECLIPSE on wednesday..enjoy the day.. cheers
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