LAST CLOSE @ 5645
INTRADAY STIFF RESISTANCE AROUND 5668-------5674 LEVELS
BEARS STAYING BELOW 5657.............BIG FALL ON CARD............BEARS TARGET MAY BE
5634------------5610------------5590
MINOR SUPPORT @ 5619
IF SUSTAIN BELOW 5590 FOR 10- 15 MINUTES WITH VOLUME.............WATCH ONLY NON STOP SLIDE TILL 5568 LEVEL IN INTRA NOT RULED OUT !!!
SUPPOSE BULLS CAN TRADE ABOVE 5685.......CAN EXPECT SOME RELIEF RALLY UPTO
5707-----------5717
THEREAFTER 5728 AND 5738 TARGET FOR BULLS
YESTERDAYS LOW 5634 WILL ACT AS CRUCIAL SUPPORT LEVEL...........ONCE BREAK AND CLOSE BELOW SAID LEVEL.............THEN INDEX HEADING TOWARDS ?????
MILLION $$$$ QUESTION IS ......CAN BULLS MANAGE TO HOLD 5634 LEVELS ???
ELSE
NO HOPE FOR BULLS............BEARS MAY RETEST 5570---------5550 LEVELS IN COMING DAYS NOT RULED OUT !!!
Subject To Disclaimer
Thanks for the post, great advice. I wanted to add that IRC channels are also good sources of info, especially when gauging market sentiment for short-term trades.
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Copper December delivery is marginally up at $ 2.174.
ReplyDeleteUS Corn December and US Soybeans November futures are almost unchanged at $ 348 and $ 962, respectively.
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