Sunday, June 10, 2012

WEEK 11th to 15th june

Markets did the classic DIP & Reverse pattern by retesting the bottom and turning..Cross of 4880 with gap up has brought the markets at the top of the range in the 5100-5150 zone..4980 seems to be the S/R for the coming week with a range of 4850 to 5290 app. As we move up in the coming week brace for volatility bouts of profit taking..But overall as daily and now weekly indicators are also turning up after so many weeks the bias would be up in the coming times so use the dips for buying back your favorite stocks in which your are booking profits..enjoy your trades cheers.