Monday, May 25, 2009

SIDEWAYS MARKET

Markets today just about remained sideways, with mid/small caps again were dancing around today. Its not showing any strenght right now and until unless some positive cues come around , there is nothing much there to fall back on for further rise..( settlement moves could be sudden so take care to be on right side of the trade)Time cyclewise also the markets are near a turning point.So be cautious on longs trade intraday & move out..The range is same still..4150-4300, break of which will take us quickly down /up..enjoy the day cheers.

RANGE AHEAD

Markets this week should range between 4150-4300, break either way will give 100/150 points quickly.I feel There are no cues going forward from here for the next few weeks , so one can assume that some profit taking / consolidation may be in the offing...Please do keep in mind that this move started in early march at 2539 & has done 2000 points app. Settlement week blues /volitality will always be there..cheers..