Said on 11 May, 2008:
"Till 4970(80) not breached markets will remain positive.If breached then 4950 & 4920 last hope for bulls.Support 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50). Resistance 5000, 5050(60), 5100, 5115, 5150, 5168.Happy Trading!!"
- Markets tests all three supports & bounces to last mentioned resistance 5168 to finally close above 5150 @ 5157.7
Conclusion: All supports & resistances mentioned proved right!!
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