Tuesday, November 9, 2010

Tuesday Trading Tip: Downside Correction

Assalamualaikum,

Hi traders,

CPO ended higher on Monday at 3273lvl with open gap. It is likely to downside correction after open gap almost 100pt. I'm expecting CPO may further downside for correction if open < 3280-3270 and close < 3265. Otherwise it may bullish tone if open > 3296 and close >3300. The major trend still upside bias towards 3400lvl with correction. Please take your position nicely.....

Happy trading....

Just my 2cents....

Wassalam....

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