Friday, December 4, 2009

Doji again...Markets getting into consolidation mode ?!


Yesterday markets made an attempt to reach new high, but could not sustain to that level and finally folded into yet another doji day.

The accumulation was quite heavy in 5200 and 5300 calls yesterday. So it now looks like there should be some more consolidation before markets can get the push to break 5200 barrier.

It could be yet another doji day with markets testing 5060 levels and getting strong support there.

Resistance levels : 5147, 5169, 5182

Support levels : 5107, 5082, 5066





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Happy Trading
www.tripleint.com

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