power house for nifty technicals and stock market fundamentals with charts and technicals.
Thursday, December 3, 2009
UNSETTLING TIMES AHEAD
Markets will start doing what it does best..wild swings and jerks ..hitting SL's for weak hands..In case markets dont cross thresholds the jerks are wild & quick....Weak hands like to get out fast..markets could not cross the 52 week high being so near it for cross over to new highs ,brought the sudden unwinding & also due to the fact that this is 5thday from the lows of last week and we were tad Overbought..5000-5200 range still holding good..Hope friends visiting the blog could make gains today in both buy/sell..enjoy the day cheers.
GROUND TESTING
Markets world over are consolidating/testing ground for maybe a last heave up,, can they go up straight from here?????? or correct and consolidate at lower levels , in case Highs are not taken out , this will be known in coming days and Intrady only..In the meanwhile 5000-5200 seems to be the range for now.., Trade accordingly..cheers.
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