Thursday, November 19, 2009

PROFIT TAKING

Hope people visiting my blog would have used the levels of 5050 for the Trade today..(We just refused to cross it and then fell hard..)The sell signal was generated yesterday below 5050 was a target area of 4950 zone once markets break below 5010..Hope longs were booked in the last few days and shorts closed today..4930-50 is a old support zone below which ??????? range given already . ..Buy on dips will work again for patiant traders....Enjoy the day..cheers

SOFT CUES TODAY

Markets all over are soft & for us the area to watch still is 5050 zone..The range still is 4850-5250..Stratergy for the day could be buy in dips & trade with strict Sl's from here on..(Profits Booked are the only money gained)..Trade accordingly..enjoy the day cheers.