Monday, June 05, 2006

VSNL falls from resistance


vsnl touches the upper channel band and falls,if any one had shorted on the said level he would have easily made 3-4% intraday though market sentiments also helped in the fall.The simple rule to follow is buy near support and sell near resistances.
cheers
rish

5 comments:

Rajesh said...

Not always a strategy to follow. but works very well at times.

Rish said...

yes true i gava an example only

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