Monday, April 30, 2012

WEEK 30TH APL TO 4TH MAY

Markets remained sideways consolidating with sudden dips..5135 ns in close is still being maintained..Weakness below this level..5250 ns levels is emerging as a possible resistance zone with close above this helping the bulls..5275 nf seems to be the S/R of the coming truncated week with the range of 5150-5350..Global markets are showing strenght and may be heading up for the last hurrah before some correction sets in there..Trade the dips well to be on the right side of the trade ..cheers

PS :will try to post some charts during the week