Monday, June 22, 2009

All eyes on 100 - 200 DMA


Technically, 4100-4150 is seen as a crucial support, but upside is capped as well given the uncertainty over Budget and concerns over lofty valuations. One event on the charts to keep an eye on is the impending crossover of the 100 DMA over the 200 DMA.


Important level 14371----15215

Now three consecutive close above

15214 will take to 17708--18552 level very soon

(Just see it made high of 15600 but never fulfilled our

condition of closing above 15215 for 2 consecutive days )


Just see 5 Gaps on charts ....It's very dangerous sign for mkt.


Hurdle @ 14623....Once crosses will take to 14889

14978 level.

7DEMA :14692

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