It has been steady uptick to the indices, what is the mood for the rest of the day, would you initiate long?
Yes, I woul continue with the longs which probably are now on for a day or two. The essential thing is we are once again approaching those 5600-5700 levels at which we have reversed and that is where the sellers are poised to reduce their positions.
Now if that supply is absorbed, then we indeed have a pretty good long term prospects in the market. That is the landmark really to look for now. We are very close back to this 5600-5700 level which we need to clear.
et
Yes, I woul continue with the longs which probably are now on for a day or two. The essential thing is we are once again approaching those 5600-5700 levels at which we have reversed and that is where the sellers are poised to reduce their positions.
Now if that supply is absorbed, then we indeed have a pretty good long term prospects in the market. That is the landmark really to look for now. We are very close back to this 5600-5700 level which we need to clear.
et
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