Sunday, October 21, 2012

22nd OCT to 26th OCT

Markets are range bound between 5650-5750 for last week..Weakness did creep into US markets on friday which could reflect in our trading next week..The Range of 5650-5750 is set with the S/R level at 5700 NF...breakout/down in coming days could give a quick 100-150 points either way though there is weakness..This also due to the settlement week next week ..Trade with caution in the direction and investments can be pended for deeper corrections in days or weeks ahead..enjoy the festivals ..cheers