Saturday, June 27, 2009

VIEW FOR 29-06-2009

After hitting 4303 in the morning we came down towards support of 4257-4275 and reversed from that place (low made 4252). We hit our main level 4331 (high 4339) and then again retraced before breaking that level finally to give a fresh breakout. Now it has tested our another of 4387 (high 4394), it is poised for higher levels again.

So for Monday, it'll be bullish buy on dips scenario as of now. (if we get the dip first).

Supports: 4375 is important for first few minutes trade. Breaking that It may dip down towards
4345/55. which I feel is very important. Below that 4302 Is the big area to watch out for.

Resistances: Biggest hurdle is there at 4420-31 zone. I wish to book some profit of my holding longs there. and wait for the proper signal to be generated on either sides. Big Big place. Above that 4483-4541 can come very easily. But before that it'll be a test for the bulls at 4420/31 zone.

Happy trading! All the best :). Have a gr8 weekend!
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