Monday, December 14, 2009

VOLATILE DAYS

Indian Markets again are in their own world..While the Asian cues were weak we moved up and when Europe opened positive we went down..The strong hands are just about jerking weak hands triggling SL's..The range is compressing now 5180-5080 , something has to give up soon..Its becoming easiar to buy bottom / sell top..Something has to snap for a bigger move..Watch the area closely and trade accordingly..cheers.

WEEK AHEAD

Markets have been trying to cross & move ahead the last highs of this year..and fail each time..A triple top is in place..This weeks S/R is 5120 with a range of 4980-5260..Trading will get tougher in times ahead if the INTRADAY RANGE starts squeezing due to lack of cues or approaching year end etc etc ..Trade small and wait for a good breakout/breakdown to plan your trades..enjoy the day cheers.