Hi AllI am on a trail subscription and have got the OK from the...

Hi All
I am on a trail subscription and have got the OK from the author to post this up.

Yesterday the SPI gapped open and reversed back. This further selling happened on the night market. Whether this is a start of a deeper correction needs to be confirmed.

Todays Levels

We Closed at: 4569, The Daily DSR Line is: 4511, Intraday DSR Line: 4567, PP: 4558

We are trading above the daily DSR Line. That is the level to keep an eye for key reversal. We are also near the Intraday DSR Line and PP. These need to hold for further advance to up side.

For Morning Play the key level is 4570

Above 4570, next level is 4579, above that 4589-92 zone, above that back toward 4600-4609, above that 4619.
On the down side, Below 4570, next level is 4561-58, below that 4551, below that 4539-31 zone then back to key support 4519-11.

Enjoy your trading and have fun on the market.



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