Support: 5095 is the immediate support. But as it's been now discussed for few post, the most crucial support for this up move will be at 5065/68. This place is real strong and intra longs can be added for very quick gain with minimum s/l of 10-15 points. Below that 5040-5010 will be next target.
Resistances: 5142/45 s pivotal for the day. One should avoid longs in between below that, a break above that can show up last day's high 5190-5220.
We are simply in a tricky situation. Last time we fell from this level and currently scratching that again. From my personal experience I can say one thing. These are the times (impending top or a new break out) when traders tend to take trades quite early and get stuck with a fear that he would miss the rally. But take my words, these are time when we can get some best of the levels to enter if we just try to be little patient. All the best.
0 comments:
Post a Comment