Tuesday, November 17, 2009

DJI Daily: Building up base


Market stayed firm at above 10,400 levels following a convincing break out from the overhead resistance at 10,200 levels. This had strengthen further the overall technical landscape to bias upside potential. Thus, market may likely to march higher to challenge the next resistance at 10,500-10,800. To the downside, support is pegged at 10,200-10,000.