(CLICK TO ENLARGE)
The charts loaded above are self explanatory. In the 1st chart ie monthly channel , we have just breached the multi month (14)down ward channel right now..any correction from here on will take us back into the channel..5200-4200 are the channel range in the downward channels and cross can take us upto 5800..the channel above is 5800-6500.This should be the coming months trading stratergy.
The 2nd chart ie daily is indicating that we have broken the channel top of 5300 and are heading towards the top ie5500-5550..below 5300 the markets can give a quick correction to 5200-5050...only below 5050 is the bull story in pain..
Plan your trades in the coming days/weeks/month as per the levels charts given above..Hope this helps all vistors to this blog.
cheers
