Monday, May 23, 2011

WEEK 23RD MAY TO 27TH MAY

Markets sold off in europe/US last week and have opened weak in Asia today..Brace for volatality again ( not due to us) ..Being a settlement week the swings could be wild..5470 is the S/R for this week with a range 5400 t0 5560..Break of 5400 in close could drift the market to lower support zones of 5300-5330 and cross of 5560 could take it all the way over 5650..Buy in good dip in select stocks can still pay dividents..enjoy the week..
cheers