Monday, July 17, 2006

Day trading for 17-Jul-2006

Day trading view:
TIMSCI is having some upward movement in an existing downtrend. I am not interested in chasing the bull. Instead, I am looking for opportunity to establish short position if the downtrend is not violated.
SIMSCI, bearish. Nice downtrend. It is likely to trade above 2,000 contracts in the first hour trading. I will be only looking at possible short position for today.

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