Saturday, April 27, 2013

WEEK 29th to 3 rd May

Markets have done almost 88% of the entire 5990-5480 retracement....Any further upmove from here will /can take us all the way to 5990-6050 or a quick move to 6200 zone..Consolidation profit taking has  set in on friday so supports can be in the zone of 5780-5800 in declines below 5850..The coming week may just be sideways and the govt actions/policy etc etc will determine the course for the next leg of the market moves..Profits should have been booked last week and wait a while for sudden dips to get in again in your favorite stocks..Be a trader as global cues may override the indian sentiments ( even if politics is + ve)..enjoy your trades..cheers