31ST OCT TO 4TH NOV

Markets rejoiced the EU dececion by opening on a huge gap up..5200 zone got crossed and the gap of 5330-5220 got covered and a island reversal took place after many weeks of staying below 5180..The path ahead seems BUY ON DIPS...In case 5230 is held then we should surge ahead once we cross 5530 decesively in close..Below 5200 markets will tend to be weak..5290 is the S/R of the week with a range of 5200-5500..Do book profits in the stocks bought lower and wait for a good dip to get in..enjoy your trading..cheers