Weekly Review for the Week May 4th – 8th 2009
We said ‘Technically the trend is still intact up and the next technical target in the days to come still is 11695, we may see some hiccups as the market is in a stretched territory and also in an F&O expiry plus we also have a long weekend ahead of the election’
The market unfolded as expected moving up closer to our target 11695 and has closed positive…
Technically the trend is still intact up and the next technical target in the days to come still is 11695, and the market gives an impression that it is consolidating and is looking for a fresh breakout but we may see some hiccups as the market is in a stretched territory and the crucial level to watch would be 10960 and if that goes then we may see a violent reaction…until then I would consider the market as UP.
The crucial supports are at 10960 and resistance to the up move is at 11695-12000
source: Prakash Gaba
Tags: intraday tips, market in future, market next week, market outlook, prakash gaba, prakash gaba tips, weekly market review
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
