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.