Wednesday, June 30, 2010

SUPPORT AND RESISTANCE TRENDLINES/ UPDATE - 1


LOOK AT SELF EXPLANATORY CHARTS .

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UPDATE AS ON 30.6.2010

MARKET OPENED WEAK ON GLOBAL WEAKNESS. WE HAVE TESTED TODAY 17400 ZONE AND BOUNCED FROM THERE.AS ON TODAY WE HAVE MAINTAINED SUPPORT GIVING TREND LINE.NOW IT IS TO BE SEEN IN COMING DAYS CAN WE BREAK RESISTANCE GIVING TREND LINE ON HIGHER SIDE OR NOT?

ON CROSSING 17850/17920 ZONE WE MAY SEE LEVELS OF 18300. ANY CLOSE BELOW 17400 ZONE MAY INVITE SELL OFF.