Monday, August 10, 2009

SPOT ON

Hope all enjoyed the Levels /Range given by me in the morning..4560 S/R & 4390 minimum support..( Markets just about gapped up there & and stopped at support at end of trade)Today was a good day for swing and technical traders in case your were trading the directions..Markets are a bit oversold in intraday charts, so be careful of shorts for tomorrows trade..enjoy the day... cheers.

WEEK AHEAD

Markets globally again are in positive mode, we were Tad Oversold and will also gap up as SGX NIFTY suggests..4560 is S/R area for the coming week with 4390 to 4650 (+/- 100 points) , as a minimum trading area.. Be careful in the coming days as now the weekly/ monthly charts are also in overbought zone and more unwinding can be there at every rise....enjoy the day ..cheers