Saturday, December 22, 2012

WEEK 24TH TO 28TH DEC

We are now entering the holiday season of festivity from the coming week..The market has made a foot print of 5850-5950 app. break either way oh the range could take us about 75 points quickly either way..As a swing is made in the weekly charts on the lower side the markets may just drift down in the coming weeks ..Caution on the long side till we dont make a intraday higher swing.. 5750 is the channel support from the lows which can be tested in this drift and 5900-5930 could provide a good resistance for any upmove..Wait for good dips to buy your select stocks you trade in.. ..Trade light and be agile next week..Cheers