Tuesday, August 24, 2010

Market Looks in Bears Grip...??

Today Market started its journey with flat opening and remained under presser throughout the day.World markets are making new lows daily but Dowjones has support near 10000 and looking oversold and a bounce back is expected whereas Ftse is concerned it may correct a bit more.Our market is looking overbought and everybody is cautious and most of them believe that its very difficult for market to make a new high from here on.Today bears tried to tighten the grip but couldn’t break major support levels,at this level a correction for market ll be healthy.But a major fall is not expected until it holds 5350 levels.Tomorrow Market ll open with a Gap down & ll remain under presser,further downside expected.Market may react as per these levels 5421-5455-5480 supports and 5539-5572-5597 resistances.APPLY YOUR MIND AND TRADE SAFELY.GOOD LUCK.
INTRA CALLS:-
PLZ VISIT SITE DURING MARKET HOURS FOR INTRA CALLS.
DELIVERY CALLS:-
BUY JKIL AROUND 204 SL 198 TRGT ABOVE 220.
KEEP AN EYE TOMORROW ON–
PTC,HANUNG,VISHAL RETAIL,RICOAUTO,OMAXE AUTO, FOR QUICK RETURNS.

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