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Exhausted Bulls empowering Bears
Morning Buzz for Friday, May, 15th, 2009
Dear Trader
Market still not able to decide its direction, as we got most of the issues still in a pipeline, We still not losing hope for the bullish bounce, but we are getting close to the bearish trend gradually, i suggest traders to remain calm and avoid entering market in first session.
Market closed on 7142 today,
For Bullish trend it is good to trade above 7120 in early hours of Friday, well we got the support at 7085 (as already given in weekly update earlier) and I already mentioned earlier this support is a weaker support. keep your doubt open here.
Last hope for the market is between "7044 and 7027"
once the market breaks the last hope with the pressure, I will suggest trader to offload positons and buy back on long-term support (given in weekly update)
I can see a stronger resistance zone 7185 - 7196, if the bulls crosses this hurdle then we find the next resistance arround 7254 - 7267
Foriegn investor are not showing any panic.
Recommendations: Most of the scripts are under pressure right now, I am not Recommending short in most of the scripts, I am still encouraging buy in few scripts.
" Do Not Panic"
For detail script analysis please Call Saif or Email @: safelyinvest@gmail.com
Exhausted Bulls empowering Bears
Morning Buzz for Friday, May, 15th, 2009
Dear Trader
Market still not able to decide its direction, as we got most of the issues still in a pipeline, We still not losing hope for the bullish bounce, but we are getting close to the bearish trend gradually, i suggest traders to remain calm and avoid entering market in first session.
Market closed on 7142 today,
For Bullish trend it is good to trade above 7120 in early hours of Friday, well we got the support at 7085 (as already given in weekly update earlier) and I already mentioned earlier this support is a weaker support. keep your doubt open here.
Last hope for the market is between "7044 and 7027"
once the market breaks the last hope with the pressure, I will suggest trader to offload positons and buy back on long-term support (given in weekly update)
I can see a stronger resistance zone 7185 - 7196, if the bulls crosses this hurdle then we find the next resistance arround 7254 - 7267
Foriegn investor are not showing any panic.
Recommendations: Most of the scripts are under pressure right now, I am not Recommending short in most of the scripts, I am still encouraging buy in few scripts.
" Do Not Panic"
For detail script analysis please Call Saif or Email @: safelyinvest@gmail.com
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Call Saif for further assistance 0345-276 8680 or 021-432 2359 or email safelyinvest@gmail.com
Call Saif for further assistance 0345-276 8680 or 021-432 2359 or email safelyinvest@gmail.com
Foriegn Investor Portfolio
Net Buy USD $ 608,515
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