Thursday, March 18, 2010

WHAT NOW ??????

Markets have shown their hand...the breakout is on the bullish side..despite of OB positions of the market...this comes with the huge cash buying by FII's..The whole world markets are partying now and no serious correction in sight..5310 becomes the watch zone now ..markets will consolidate in the support zone of 5150-5180 for any upmove over 5310..that could be a Quick 200-300 points..well be cautious in longs once the supports are broken..otherwise at that zone buy with a small sl for higher levels of at least 5300 around..enjoy the day cheers