[sharetrading] ASIA

 

The way of various markets have behaved, are not giving confidence that the markets can break through the previous resistance. Presently India is sitting on the FENCE. A slight tip and we would have more sellers appearing. On charts a résistance pivot has been clearly drawn and unless it is able breach that, one should remain bearish and shed positions………….

Daily pivot 5225, Weekly – 5235.

Those who wish to put SL positions for shorts, R1 – 5255, R2 – 5280 Final. On SPOT. Test of 5080 only will confirm if the trend up is strong or not…………. And that could be another 8 market days away…. As of now market is sliding to 5150 near.

 

Yesterdays move was one similar to the one that happened when markets reversed in March. However we follow our leaders and mark positions………….. day to day.

Abe

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