Thursday, July 30, 2009

TRADING DAIRY FOR 31/07/2009


30/07/2009
Markets Once Again Proved That They Do Not Like Shorts If Created We Will Squeeze It Which Shows That Markets Not Willing To Go Down And Says To Buy On Every Dip It Makes For Further Rally Seems That Tomorrow We Can Close Near 4700 Or Above As Close Again Above 4560 Levels Near The Days High. So Now The Sl For Long Is 4470 Closing And Shorts Or Week Longs Are Out Form The Market. But Also We Are Near Key Resistance So Please Remain Cautious And Us Trailing Sl
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 4540, Imp Resistance 4600,
Likely Trading Range 4510-4630,
Trade on long Above 4515 and Vice versa
Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.

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