Saturday, February 1, 2014

WEEK 3RD TO 7 TH FEB

Markets broke the range during the settlement week of 6150-6350 to move towards the 5950-6000 zone..We have made a top at 6480 now which will take time to cross..Global cues are weak and markets should head down to complete the correction  of 5750-6480 zone..Every rise may  be sold as major periods are also in sell.. Trade the bounces well from the oversold zones in the coming weeks months& keep booking profits.. till a finality is not there after elections..generally markets have been doing a 350-400 points monthly range ,,,any breach of this will take  us into a deeper move..trade accordingly..cheers