Posts
Today's Scenario:
Market turned down to the lower end of the range and i think this must continue.$29.00-29.50 area is to be watched.Support at 28-27.50 Resistance at 29.06-29.26-29.76.On a strong close above 29.94 this short term downtrend will be neutralized.Remain cautious there is big news( with the FED deciding if they would go for another round of easing(QE3/Operation Twist) coming up today it would be better to remain on the sidelines.Best is to remain patient and wait for the market to find a direction.Have a great trading day ahead.
Market turned down to the lower end of the range and i think this must continue.$29.00-29.50 area is to be watched.Support at 28-27.50 Resistance at 29.06-29.26-29.76.On a strong close above 29.94 this short term downtrend will be neutralized.Remain cautious there is big news( with the FED deciding if they would go for another round of easing(QE3/Operation Twist) coming up today it would be better to remain on the sidelines.Best is to remain patient and wait for the market to find a direction.Have a great trading day ahead.
0 comments:
Post a Comment