Wednesday, January 20, 2010

MARKETS WEAK....WILL WAIT FOR SHOW OF STRENGTH ON EITHER SIDE!

AS MENTIONED BEFORE...The supports are placed at 17300 on Sensex and 5150 Nifty and I do not expect them to be breached.


The market has a habit of teasing the line and hitting stops. We can very well turn around from these levels too...but the stocks on the  screen are not screaming " BUY ME ".


Looks like one more boring day. The decisive break of the range 5200-5270 will be the factor to watch out for.


Till then relax.


Have a good trading day,
Rahul T.
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Welcome to my blog.The name is Rahul Tawde. I have adopted trading as my profession and have been practicing it for over 2 years.This blog is an attempt to reach out to people in the capital markets who trade for a living.I welcome fellow professional traders to come forth with any suggestions to improve my blog and also to improve our trading.