power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, August 24, 2009
UPBEAT DAY
Markets just about remained bullish after gapping up and every fall in morning ,the shorts tried to cover ..thereby pushing nifty up..It did cross 4612 and inched at the end towards 4673..We are nearing strong resistance zone..so care should be taken in the rise..keep booking profits..and lets see where it drops to and takes support..4580-4600 zone a support area so far..cheers.
GREEN ALL OVER
Markets globally are in a good bullish mood after consolidating in a range for the last week or so..we break the range of 4350-4550 today..I have given the footprints ahead in the last post on the chart..Do Take your trades accordingly & enjoy the week..cheers
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