power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, October 26, 2009
WEAKNESS GALORE...
Markets just about managed to creep up with difficulty and dropped dead much before the resistance zone of 5050-5070...????? We have closed at the low of the day..supports remain in the zone of 4900-4950..break of which can cause some serious unwinding of longs..lets see where this halts as the OI data still suggests settlement over 4900 and below 5000-5100..enjoy the day cheers.
WEEK AHEAD
Markets are stable in asia today morning..We should be looking at 5050 as S/R for this week with a range of 4850-5250. Settlement week will have its own volatality, so trade with care and in the direction..do look at the chart posted during the weekend for supports & turning points..enjoy the Week ..cheers.
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