Tuesday, May 18, 2010

Closing Comments

Another good day in the office.

The market held through the 5020-5072 range and with 3 minutes to go looks like we will close at POC in the NF.This puts the train on track for 5135 which we discussed in the morning.

Values being created today were 5088-5065-5042, though we will have some minor adjustments by the closing bell.

I'll be looking at more feedback from you, my dear readers. Please discuss your levels on the indices, on stocks you are watching, the supports and resistances, news etc and together we will look at the MP rationale behind the same.

Looks like a close at the day POC and VWAP. Open tomorrow will have a role to play ( as always)

3 comments:

mo h said...

hi Shai,
Its a hats off presentation.
Plz keep it going, and also suggest you [whenever time permits] devote a post or two on educating the readers about the concept & usage of MP, as well vwap.
I know between the two of you you can do it, the question is if you have timeconstraints.
:)
all the best

Unknown said...

Good One Dear...as I'm EOD reader of ur site.

bullvsbear said...

Hi,

please provide your thoughts of ICICI.. Will it go below 880 levels?

Thanks!