Last Monday ( 11th January 2010), the market did not open within the suggested forecast, so I have no comment on the matter.
The market has been in the lower range since the last few days and the expectation for the market to go up is quite bright now. Anyway will the market be so?
Today
My forecast for today;
1) If the market opens between 2480 to 2495. Sell after the market has gone up passing the levels between 2500 to 2510. More significant if the market opens more towards the upper end of the 2480 to 2495 levels.
2) If the market opens between 2453 to 2465. Sell after the market has retraced passing down the levels between 2443 to 2448.More significant if the market opens more towards the lower end of the 2453 to 2466 levels.
3) If the market opens between 2466 to 2479. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has gone up 7 points above the opening level.
4)If the market opens between 2495 to 2505. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) If the market opens besides the above, it is your call.
6) Also refer to my posting dated 11th January 2010, see #6.
To be more certain, just contact your dealer in case if you are 'uncertain'.
Have a nice trading day, guys.....
8.10am
