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Wednesday, July 22, 2009

TRADING DAIRY FOR 23/07/2009

22/07/2009

Markets Not Able To Sustain Above 4500 And As To 4560 Shall Be Resisted And Mkt Could Not Touch This Level Now Rsi And Ss For Tomorrow Are In –Ve Divergence Which Macdo And Dmi Are In Buy Mode So Be Carefull For Either Swing And Long Only Above 4450 With Sl As 4420 Or Short With Sl 4450 For Tgt 4300 Fii Are Buyers In Index And In Cash With Low Volumes While Dii Are Net Seller

DOWNTREND LEVELS :

4378.52 – 4184.66 – 4163.12 – 3870.17 – 3616 – 3361.83

LEVEL FOR THE DAY

TECHNICAL OUTLOOK :

Imp Support 4350, Imp Resistance 4450,

Likely Trading Range 4300-4495,

Trade on long Above 4448 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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