power house for nifty technicals and stock market fundamentals with charts and technicals.
Thursday, September 17, 2009
LANDMARK 5000 TOUCHED
Markets just about touched and reacted from 5000 zone to profit booking..hope friends kept booking their longs if any..Markets will test the supports and resistances now for next few days as settlment comes next week..so trade w/o emotions and in the direction..( Many a stalwarts have fallen on the wayside by being on the short side of the trade this month..)enjoy the day..cheers.
POSITIVE STILL
Markets globally are still positive astounding all..5000 is a resistance target of the market for the day over which we may try to touch 5040..supports now lie at 4890..and below that 4810..trade accordingly as we are heading into the setllement week which may be very chappy with wild swings....cheers..
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