Wednesday, November 25, 2009

LOOSING MOMENTUM

Although weekly charts remain in buy mode,in my opinion,markets are loosing short term momentum on the upside,creating doubts abt reaching tgts ,in a hurry.

i would advice to close longs, today and remain sideways for a day-or two
chances of upside rally, may resume, if 5048 and 5006 remains intact for 2-3 days.as the opening looks strong,,,close long at around 3 pm today.

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