Tuesday, June 16, 2009

Has the trend changed?! Are we heading lower..


The bears were just finding some reason or the other to pull the markets down and RIL, RNRL tussle outcome came at the right moment.

A close below 4430 right now, this market will be completely in bear grip and can move significantly down. This move will also make the test of 4700 levels look like a bull trap.


Resistance levels : 4508, 4550

Support levels : 4454, 4430, 4367



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Happy Trading
www.tripleint.com

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