Posted by: Babu Suresh | May 30, 2010

Russell2000-30-05-2010

Dear Friends,

Russell2000-30-05-2010Starting from this week, I will be posting my analysis on Russell 2000 Index. I am hopeful and am confident, Russell traders will find my analysis useful.

Failing to hold at 650, chances look high to test 632 again. After a huge fall, from 740 to 612, the last rise from 632 to 675 was without much strength. Sustenance of any rise from the current level may experience selling pressure.

Russell2000-1-30-05-2010I would recommend traders to avoid carrying overnight positions due to huge volatility.

My Probable Supports: 652, 644, 632; Resistances: 667, 675, 688.

Healthy And Wealthy Trading

Healthy And Wealthy Weekend

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