Monday, August 31, 2009

SOFT TODAY

Despite a breakout on Friday..Markets opened real soft due to global cues & gave opportunity for fridays shorts to cover..Buying is still coming at lower levels..& the range of 4630-4730 held today...This is a tired market & only money can drive this up more .The move going forward could be (+/- 100 POINTS) above the range suggested..enjoy the day ..cheers

ASIA IS SOFT

Asia is following China..soft and selling..Markets are at a very tricky stage..range is 4640-4740..break either way will tell the direction in the coming days..Trade with care and in the direction..This weeks S/R is 4690.. with a possible range of 4550-4850..enjoy the day..cheers..