Saturday, February 25, 2012

WEEK 27TH FEB TO2ND MAR

Markets gave the classic jerk (sharp one) last week..The last major swing we crossed was at 5400 (NF)..supports lie there below which we can keep trailing all the way to 5200 or lower..5526 seems to be the S/R for the coming week with a range of 5600 to 5400 as a trading possibilities..The correction is not over as yet ,so be a trader and also use opportunities of ride back for liquidating long positions if still not liquidated..cheers