Saturday, October 12, 2013

WEEK 14TH TO 18TH OCT

Markets broke the range last week to surge ahead in results start..It had made a classic H / S pattern in daily charts suggesting targets of 6160-6210-6250 (NF) upon breakof 6020 ,which it has achieved partially.. Some more move up is in store if Banking index helps along with Oil and gas..6000-6020 will be a watch zone now..below which will  be the elusive 5820 which held very well last week..Markets always dip, book your profits from last week and wait..Trade accordingly..cheers