Monday, March 22, 2010

5200 INTRADAY SUPPORT...5100 FOR SHORT TERM!

As mentioned in the post 2 days before I did expect some pull back. Are we done with that as the market has recovered from the early morning gap down? I would be cautious and not take any fresh positions. Just hold on to your longs with strict stop losses.Be a buyer on dips if at all you want to be one.

Extreme short term traders watch 5200 and short term traders watchout for 5100.

Have a great trading day,

Regards,
Rahul T.

No comments:

Post a Comment

About Me

My photo
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.