Saturday, October 15, 2011

WEEK 17TH TO 21ST OCT

Markets expanded on global cues to surge ahead to retest recent highs made.Many missed the buy on dip..as conditions were not comforting..Well thats what stock markets are all about..sudden reversals catching masses on the wrong foot..We will head again to the resistance of 5180-5220 zone cross & close of which will signal bear covering..5060 is the S/R zone with a range of 4900-5200,+/-150 quick points ..Keep booking your profits for stocks bought at lows..The next 2-3 weeks are crucial for short term trends to unfold..enjoy your trades .
cheers