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Friday, December 18, 2009

POST MARKET REPORT 17-12-09




YESTERDAY I CLEARLY WROTE TO BUY AROUND 5018 OR TO SELL AROUND 5070.AS IT WAS THE CASE TODAY,MARKET MOVED BETWEEN THE RANGE OF 5000+ TO 5070,BUT MOVED WITH LOTS OF VOLATILITY IN NARROW BAND LIKE LAST WEEK.HERE THE RANGE IS 5000-5070 AS COMPARED TO LAST WEEK'S RANGE 5090-5150.NOW,WHAT NEXT?WILL IT GO BEYOND THIS RANGE OR BREAK THIS RANGE?IN MARKET CONTINUOUSLY CLOSE ABV 5000 MARK FOR SOME DAYS THEN WE CAN SEE 5200+ MARK POSSIBLY,BUT IF IT BREAKS & CLOSE BLW THE PIVOTAL POINT 4990 THEN WE MAY SEE THE LOW OF 26TH NOV. I.E.AROUND 4800 LEVEL.SO WATCH THE LEVEL & WORK ACCORDING TO IT.

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