Tuesday, August 11, 2009

SPOT ON AGAIN

Markets just about took support at key support levels ( 4400) in morning ,& moved up to the 4510 resistance area to sell off again , making a higher low in the process in INTRADAY charts,,, The range now is 4400 -4510...break either way will be 80-100 points ....Very good day for swing trading again today..enjoy the day..cheers

SOFT CUES ALL AROUND

Markets just about halted yesterday at key support levels, Institutional selling still there..In absence of global support , Markets can just about keep trailing down what with fears of Moonsoon debacle etc also being there ..4510 again emerges as a resistance point ..4300-4320 zone should provide ample support in case we drift down...enjoy the day ..cheers