Saturday, March 14, 2009
This week's candle has taken support exactly on the trendline drawn from October lows to the low of 2539 made last week, making this trendline an important support going forward. The past two weeks candles have formed an "Inside Pattern". So we could look for direction on the break of the high at 2764 and low at 2539.
Supports and resistance for the week have been marked on the chart above.
Happy Trading !!