Saturday, September 22, 2012

WEEK 24TH TO 28TH SEPT.

Markets crossed the threshold last week amidst choas in the Govt to surge to its final targets of 5850-6000..Will it be able to achieve this or has it posted for us the higher low/higher high in the weekly charts.. Going ahead as this is the settlement week it can be volatile,..Profits need to be booked in your investments also as we climb up..as the rally has lasted 9 months from the december lows..Caution specially for traders as at new heights the reversals are sharp and quick..October could be a month of consolidation and giving away,  so trade accordingly..5450 will be a crucial zone to watch in declines in weeks ahead and 5850 could be the area of great resistance..cheers