Friday, May 8, 2009
SHAKING THE WEAK HANDS
Markets again & again are shaking the weak hands by giving volatile swings intraday...Whats important to observe is that intra day markets have been taking support on every fall around 100 EMA levels for last many days & then does a nice bounce back. We should take it that any close below this MA , will not augur well for bulls and some serious profit taking may set in then..enjoy the weekend...cheers.
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100 EMA stands @ 3100 appx, 10 EMA y'day close 3541. please clarify what u mean
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