Wednesday, January 27, 2010

Trading day of tuesday

Hi,
As i had written earlier in day today that i expected there was bounce till that we can see some bounce ,,,,,,,,,,,,,bounce came too at 10.12 am nifty touched 4959.15 the level given in my post was 4960 on saturday brk up of that will give pressure & it gave pressuree too bulls made attempt to recover there pride but failed bears were heavy on them from now on as tommorow is expiry & bear seemed to give no indication of giving up there upper hand the volatility will rise more & as all indicators are in oversold zone there can be periodic bounces attempt they can be termed as dead cat bounce,,,,,,,,,,my levels to watch for is 4925-& 5020 if for 2- 3 days we suatain above 5020 i may say that some selling pressure eased. This my diary & way to keep track of my readings i am in no way telling people to trade on my views i only do this for academic purpose.
have a happy day.

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