Sunday, October 14, 2012

15th oct to 19th oct

Markets corrected  last week and also gave a  bounce ..So where are we headed..5750 seems to be a resistance over which the markets can move towards 5820-30 zone..Only cross and stay over 5850 for a few days will signify any move ahead..Below 5650 we should retest the 5550 or lower target of 5500 in the coming days..The result season will define the trend which right now is correcting the over bought markets..Trade accordingly..cheers