Wednesday, November 24, 2010

A neutral day in the penultimate session for November series


Bears took control initially in yesterday's session and pushed markets to test the key level of 5826 mentioned in http://tripleint.blogspot.com/2010/11/bears-to-take-control-from-here-on-till.html which also happened to be the day's low.

The swift up move which came in the later half of the session yesterday is giving a neutral stance in the penultimate session for the series.

There were increase seen in 5900 and 6000 calls which at this stage again favors bears to a good extent. PCR is almost neutral at 1.08.


Resistance levels : 5964, 5985, 6020


Support levels :


5857, 5826, 5786

-Happy Trading

No comments: