Tuesday, July 28, 2009

STALLED MARKETS

Hope all friends visiting the blog could see the chart posted in the morning giving the range of 4600-4610 as the critical levels to watch....we stalled there twice today and slipped from there....A very good intraday trading market again today... whats emerging is 4530 is support zone and 4600 as resistance zone..break of this range will swiftly take markets 100-150 points in either direction..Pls . bear in mind that in the last leg of any rally the small /mid cap stocks fly all around..so keep a eye on them for any signs of reversal in the coming time....enjoy the day cheers..

MARKET FOOTPRINT

The Intraday chart posted above is self explanatory..4600-4610 zone is emerging as the Key zone of this rising wedge..Take trades as per above trading zone , in the direction and with suitable stoplosses..As we have settlement in 2 days ,wild swings can be expected too..enjoy the trades ..cheers..