Till now 200 EMA on weekly chart above acted as support and not resistance. If not closed above it this week then we can take it as resistance. 3500 levels as per 200 SMA on 3 yr weekly chart is acting as a gud supp. Any continuition of this fall may be restricted at these levels is my view.
Krishna
V krishna murthy | 10.05.08 - 9:43 am | #

@Krishna moorthy ... Ya Typo err.. Thanks for the correction
rajandran | Homepage | 10.05.08 - 10:03 am | #

Yep I also think 3500 is the max we will see in near term.
Uma | Homepage | 10.05.08 - 2:09 pm | #

Nice post buddy.
You rock man Keep it up.
I think 3450 should be where we bottom out.
Chirag | Homepage | 10.06.08 - 11:51 am | #

i read notes it is realy good.
satbir | 11.09.08 - 10:53 am | #