Sachin01's blog

Based on friday 15th Jan 2010 data i feel long would be better poised if dowjones opens and trades above 10596. I expect 10661 and 10700 if  lows dont breach 10596 intraday.

Based on friday 13 Nov data i feel long should hold upperhand on monday. I expect market to move to 10350 if low for the day comes at 10243. Level of  10230  should not be broken  for bulls. Near short term expecting Dow to move to 10627 first and a fall or retrace to 9900 levels.

               9770 acts as pivotal level.              Bears: Break of Dow jones below 9710-15 can lead  to 9650. 9710-15 can act as a bouncing place till 9755. Major resistance is at 9755-60 levels.             Bulls: Above 9775 can have some chance to move up, 9805 is safer on up for 9860-70 levels

Breaking of 9831 on dow took out the sell shadow from it today. I feel 9875 is crucial support for Dow .Market will try once to come closer to this support . Once 9950 is taken out then 10030 looks possible.