Sunday, August 5, 2012

WEEK 6TH TO 10TH AUGUST

Markets took support at the golden cross of 50/200SMA  and moved up to cross  the resistance zone of 20 SMA  and close above it for the week. Global markets too are positive so the start of the next week will take us towards the recent highs in case we close the gap zone of 5280-5315 app.The breakout will be over 150 points range of the S/R zone of 5200..Do book partial profits or trail with sl's  as we move into resistance zones..enjoy your trades ..cheers