Sunday 18 November 2012

Market Update 19/11/2012 1:10 pm

Market has started consolidating, It has started taking support at 5550.

I would suggest cover all shorts. It seems that market is trying to move up.
If it crosses 5590, short covering may continue taking the market to 5630.
It it cross 5630, short covering will increase and take the market to 5650 - 5680.

Again i repeat, cover all shorts, and go long, keeping stop loss @ days low.



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