power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, December 2, 2009
NO NOTHING DAYS
There will be days now which this tired market will just be sideways and do nothing at the end of it , Thereby obliging the OPTION SELLERS with depleting values of options..(very frustrating for option buyers)..Hope this period does not extend much...The range is 5000-5200 it seems and break either way could be interesting to see.. for longs keep 5080 SL in close..enjoy the day cheers
RETESTING TOPS
Markets are poised to test 52 weeks high ...& maybe cross it too in coming days As of now OI data suggests build up of calls at 5200-5300 & puts btw 4900-5100..trade with care as we go up) and maybe let the Market guide you , this move up will be 350 plus points..enjoy the day cheers.
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