Wednesday, August 26, 2009

SSE Daily: Entering into correction zone


Market reversed from its winning streak to end lower after facing resistance at 3000 levels. Thus, market may move in sideways searching a comfort zone for landing. Currently, immediate upside resistance is stood at 3004 followed by 3020-3039 (gap left over on 17/8/2009). Downside support is now pegged at 2798-2760.