Thursday, September 24, 2009

GOOD GAINS TODAY

Markets stopped just about at 4900 zone , the level given in the morning to run back to the resistance zone and above..of around 4990.. ( another higher settlement month )Markets now will try to retest the tops or scale over them in the coming days..supports still lies in 4900-4930 zone....its been a good series with huge swings for swing traders..enjoy the day ..cheers.

SOFT GLOBALLY

Profit taking took the better of the markets yesterday..Weekly supports lie around 4900-4930 zone..break & close below this can take us much deeper down..resistance as of now is at 4980-90 zone...let settlement be over , and then a fresh look can be taken for the market ahead..Next week is a 3 day trading week so not much could be expected in coming days..enjoy the day cheers.