Sunday, July 3, 2011

WEEK4TH JULY TO 8TH JULY

Markets rallied from the low of 5200 to 5700 in quick time..Hope ppl. booked the buy the dip stocks..Markets normally give the classic jerk at the peak of bloom & doom..Coming to the next week markets need to cool a bit ..5500 emerges as S/R for the july month and 5600 as S/R for the coming week.The range could be 5500-5800 in the coming week.. keep the buy in dip policy to protect your capital....The weekly charts look up now and 5750 is a crucial resistance and 5480 a crucial support for coming time.. trade accordingly..cheers

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