Friday, August 7, 2009

SELL OUT

Well friends , this is the sudden jerk which was expected & I had been suggesting..The range of 4730-4630 got broken on the downside for a quick 100 points & more ride down this time( Do check my post of 4th & 6th)..Hope all benefitted by it..All those who cashed in at the top can look forward to reentering sometime ahead ..Where does this stop & where are we headed..will try to post some chart regards the path ahead over the weekend..In the meanwhile lets enjoy the weekend ..the week gone by has been quite good..cheers.

SOFT CUES

Global cues today morning are soft( following us )..We will also open down as SGX nifty suggests, Lets see where markets take support & to what level it retraces in the coming days for us to evaluate where we are headed in the coming weeks ..The Bulls expecting 4850 and above must be very disappointed at the sudden turn & sell out yesterday..Well thats markets my friends..Trade with care as we are far away from 2539 levels of March.enjoy the day cheers.