Saturday, September 20, 2008

NEXT WEEK TRADES... 22nd SEPT.

The week gone by closed higher than open theirby giving a bullish bias for next week. As markets have given a huge move from 3800, profit taking will come if we gap up again on monday..keep taking profits to remain healthy in this market, and buy on dips now. 4125-4150 range should be watched, any break of this will take markets down to retest the 4070-4020 to 3990-3960 zone again. The resistance will again be 4308-4328-4368-4398-4420.Trade carefully keeping in mind that this is the settlement week which can be as volatile as you can ask for..CHEERS