Technical positions of 11-05-2012 are as follows:-
1- Supports between 4908-4938
2- Selling between 4955-4975
Today first 2 hours trading range is 4937-4954 and it will be clear from intraday charts that it is least trading zone of 11-05-2012. Market is firstly preparing for next moves within 4937-4954 and sustaining beyond 4908-4975 will be result of positions formation firstly within 4937-4954 and afteward within 4908-4975.
Next trend confirmation will be sustaining beyond 4908-4975 and should be firstly watched.
1- Supports between 4908-4938
2- Selling between 4955-4975
Today first 2 hours trading range is 4937-4954 and it will be clear from intraday charts that it is least trading zone of 11-05-2012. Market is firstly preparing for next moves within 4937-4954 and sustaining beyond 4908-4975 will be result of positions formation firstly within 4937-4954 and afteward within 4908-4975.
Next trend confirmation will be sustaining beyond 4908-4975 and should be firstly watched.