Wednesday, September 30, 2009

Another close above 5000 levels..Should wait and watch


Markets yesterday nullified the bull trap made in the previous session and opened up for another bullish move with a strong close above 5000 levels.

The volumes are remaining low and it certainly looks like a wait and watch scenario before making the next move as there are no clear signs of a strong move either side.

Resistance levels : 5020, 5036

Support levels : 4999, 4979, 4947

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Happy Trading
www.tripleint.com

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