Tuesday, April 21, 2009

21 st april short covering


Important fibonacci level
Chart giving clearcut level of 3300 as short covering level see 161 overlap and 38 percent fib level of 2952 low to 3515 high comes exactly arnd 3300
and in history mkt resisted exactly at 3300. so one retracement expected in down rally arnd 3300 level. so better cover shorts here

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current mkt. level