Thursday, February 21, 2013

Trade Guideline For Friday

Another down day on Thursday. Depending on where it trades in relation to key level on Friday, a consolidation day, a short-covering up day or a wide-range down day.

Key Level For Friday is 2725.
-- Above 2725 implies short-covering rally day
-- Below 2725 implies consolidation, with support at 2700.
-- A clear and sustained break below 2700 could trigger another round of liquidation decline, with next support at 2650