power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, August 5, 2009
UNSURE MARKETS
Markets just about pleasing to deceive..succumbing to profit taking/distribution which is going on everyday ..Only cross & close over 4730-4750 zone can we expect a move up to 4850-4900 zone..Kepp 4650-60 as SL of any longs ..enjoy the day cheers.
RETESTING TOPS
Markets hardly unwound globally & are making new highs slowly ...After the small jerk of yesterday , markets will attempt to cross the top or go higher today..Watch 4650 closely for any downturn..the Pace/Volumes are lower as of now..So take trades cautiously maybe on lower scale to protect yourself from sudden movements..enjoy the day cheers.
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