Markets closed just above important resistance levels of 4270 . Tomorrow is expiry day and bias is on upside now .

- US markets are trading Flat .
- GM is close to bankruptcy .

I expect market to open flat tomorrow and it might start its upmove towards R1 levels of 4337 .

R2 4,397
R1 4,337
Pivot 4,226
S1 4,165
S2 4,055

I expect market to open flat to low and then start its upmove high. I am planning to avoid trading tomorrow . People who want to trade should buy at dips only and that too for June series . Last day of expiry can be very risky .

This entry was posted on Wednesday, May 27th, 2009 at 10:31 pm and is filed under Market updates, MoneyVidya Blogger Network. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.