Saturday, November 9, 2013

WEEK 11TH NOV TO 15TH NOV

Markets after making a Diwali top went into correction mode as was expected..The first leg of correction could be complete , with a reversal next week followed by correction again..Weekly charts again suggest a top in place with a lower swing made last week..The market now needs a Time/Price correction of the last move from 5100 zone..Being a trader who buys dip and deeper wait rewards the brave..6280-6320 should be a good resistance zone above 6220 and 6080-6050 a good support zone below last weeks low..Breakout/In could be 100-150 points from this range..enjoy your trades..cheers