Saturday, December 7, 2013

WEEK 9TH TO 13TH DEC

Markets held the 6180-6200 (NF) to gallop up on election news..So what next..??? Markets again have retested the tops as was written a few weeks back when we were at 6000 zone...Technically the markets are at lower tops , failure to cross in the next few days /weeks will set in a correction which could be longer lasting if recent lows are broken..taking us to 200 Dma Cross of highs can technically take us towards 6800 if we stay over 6450-6500 zone for a week or so..6220-50 is the  S/R zone 

For rest enjoy the election results and  the  roller coaster ride on MONDAY ..if any ..enjoy your trades and keep booking your profits as we rise ..cheers