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Hi iam Chandrasekhar.I am a self trained Technical analyst and Financial advisor.Investing and trading in indian markets from last 5 years.Giving advise to people on technical basis,Running live chat room during market hours and I offer nifty futures premium me at 9342455559 My web... More
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  • S&P 500 FRIDAY OUTLOOK 0 comments
    Mar 12, 2010 12:39 AM

     Source :
    Again financials helped s&p to close above 1150.After taking out 1120 convincingly we got good rally till 1150 and if s&p unable to cross yesterday high and falls below 1142 level it might attempt 1120 once again.

    Take a look at the below chart we made high on 19th Jan at 1150.45 and yesterday's high was 1150.24 and on both days s&p closed at same level.

    But only one thing which is lagging me is volumes were low and advance decline ratio was ok at 3:2.

    Above 1152 resistance comes at 1158 and 1164
    Support levels at 1142/1130 and 1120.

    Dollar index moving in a range of 80-81 so no decisive move yet.

    Cheers & Best to your trading

    Disclosure: no positions

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