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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
My blog:
    May 9, 2010 1:58 PM
    Source : \
    Click here to read about previous post on Shanghai.Which was clearly written about correction.

    Pivot ----- 2739
    Support ----- 2615/2542/2418
    Resistance ----- 2812/2935/3009

    From 2918 level we have seen 8.5% correction on Shanghai market.In next few weeks 3030 to 3060 is Tough resistance.

    First resistance at 2890 level.

    Downside strong support at 2640.Below this level 2565 is support area.
    Coming week we may see positive weekly close on Shanghai market.

    Cheers & Best to your trading

    Disclosure: no positions
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