on breaking out from sideways consolidation market was on fire and as expected euphoric moves r seen more in large caps today, to be followed in mid caps.
now we are very close to upper zone of 11600-12500 target given.
what next ;
we have again created a gap today at 11430-11635. we have crossed resistance of 11870, prev weekly top.next higher weekly top comes at 12285 to give resistance.
now today's gap will act as strong support 11430-11635. violation of it will confirm completion of this upmove.
we are very close to a gap unfilled in first week of oct 2008. it was at 12285-12473.
use rallies to generate cash or trade with strict stop losses.
we are having gann turning dates from 4/05/2009 to 7/05/2009.
keep watch on high n lows of this period.
Pankaj Shah
stocks to watch :
tata stl, sail, sesa goa,cesc,tornt power
all 5 stocks moving up.
ReplyDeletecheers!