Thursday, July 23, 2009

TESTING THE TOPS

The lows of yesterday provided good support..( 4400 was the S/R of the month also) and we are back to testing the tops.. shorts got squeezed badly today..Weak hands have been jerked hard these last 2 days..lets see how markets trade in the next few days ( RIL/ONGC results today/tomorrow)..cross and close 0ver 4560 will zip the markets up...enjoy the day ..cheers..

CONSOLIDATION AHEAD

Markets have just about taken support from where it broke out a few days back, making many cover their shorts..our advise of booking the longs on rise and buy in dips in last few days would have helped the visitors to this site..range is 4380-4480 break either way will give 80-100 points move..Trade accordingly..cheers.