Saturday, January 26, 2013

WEEK 28th jan to 1st feb

Markets moved in a range but a huge running correction took place in mid/small cap stocks..That is why profit taking is essential at new tops..These sudden price collapses give opportunity to buy again for trading for quick gains in a range bound market..The market is still range bound now in range 6000-6100 ..This range has to break soon..Correction whenever they set in will be deeper and longer..So keep trading..5970-6000 is key area to watch now on falls and 6100-6120 is resistance zone..a minimum breakout/in will be 150 points either way..enjoy the trades cheers..