MONTHLY TECHNICALS

S / R (stop & reverse) for the MONTH OF OCTOBER is 4100 The trading range should be between 3600-4400. We are again and again testing the 3800 levels , failure to hold this level in close can take us to 3650 or 3554 area( low made in july 2007 ). A few closes over 3944 will help stabalise the bulls nerves & with a LITTLE help from global cues can try to move ahead towards 4100..caution is needed around this area as many trapped bulls will be liquidating .. Above 4100-4150 , a bullish move can be expected...happy navratras to all..Jai mata di.