Thursday, July 2, 2009

VOLATILITY CONTINUES.....

today also we saw volatility in mkt.even today we have closed above 34dma and on trendline. we r getting stong resistance at 21 dma. we r not able to close above it.today's range was given 14800-14400. we moved in range of 14765-14470.
still we r in two channels shown yesterday. for tomorrow we can be in range of 14470-14730.any decisive move above 14800 will indicate for move towards 15100-15300 zone minm.
steel stocks like tata steel, sail , power stocks like tata power has shown strength today.

14016 IS A FINAL STOP LOSS FOR ALL LONG POSIOTIONS.