Tuesday, December 11, 2012

Trade Guideline For Wednesday

Tuesday was a short-covering trending-up day. It is likely to continue with or without a pause / consolidation day.

Key level to watch is 2700. A clear and sustained break above 2700 could trigger another round of short-covering rally. Failure to break clear would likely result in a sideways consolidation day with 2660 and 2640 as support.