Monday, June 18, 2012

Morning Updates


Good Morning and Happy Trading.

On Friday before opening written above 5093 NF will create a move of damage control and will touch 5153 with in hours, do you know the high was 5156.

Today’s 1st resistance is 5162/63—5169 (at opening if NF not break 5140). At opening if NF break 5140 then 1st resistance is 5176—5183—5189...Today’s 1st support is 5117—5111.

Today’s trade is very vital; Market will be maximum volatile cause of two major evens, 1st is RBI’s midterm policy review. 2nd and more vital today is result of Greece election held yesterday.  It still looks impossible for Greece to remain in the euro zone.

Therefore trade minimum to avoid the max losses.


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