Monday, March 11, 2013

WEEK 11th mar to 15 th mar

Markets reacted from the oversold support levels as observed in the last weeks postings to squarely cross the resistance zone of 5850 to head towards the next zone of 6000-6020 zone..Strong resistance here..do wait for a decent dip to get in again 5850 now becomes a strong support below 5900-5920 zone..targets above 6020 could be 6080-6100 zone before a decesive breakout over last highs can take place..Remember 5800 is important zone for this month.break can take us all the way to 5600 or below...Trade accordingly cheers