Weekly Review for the Week March 2nd – 5th 2009
We said ‘Technically the market looks weak and we are into an F&O expiry week with just 3 days left for the expiry and once again the market could be volatile but the market looks sideways with no clear signs of any direction but the bias could be down’
The market has unfolded flat as expected…frustrating the investors since the past few months and giving just 1-2 days moves in the bargain.
Technically the market still looks sideways with a weak bias and anything that goes up looks like a suspect and so I would be cautious…
The supports are at 8631 and resistance to the up move is at 9157-9284
The supports on the way down are at 2662 and resistances on the way up are at 2824-2858
From a trading point of view I would be cautious, as the sideways market is always difficult to trade…
source: PrakashGaba
Tags: calls, daytrading, free calls, intraday, tips
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