Tuesday, November 3, 2009

GOING AHEAD

Markets after the break open again to a global weakness still. Refer to the chart i posted on 24th october..4690 was a tentetive target based on the WAVE start from 4350..Below this We are moving in the territory of the wave which started at 3918..supports lie around 4600 zone for the time being for a pull back of some sort due to oversold positions, after which markets will decide the course of action..Structural change is already there for the 8 month ride up now..weekly S/R is 4810-20 with a range of 4450-5150..enjoy your trades..cheers.

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