Saturday, May 17, 2014

WEEK 19TH TO 23RD MAY

Country celebrates a change of government welcoming Shri Modi as the new PM..Markets too celebrated a huge leg up in the morning followed by a decent correction..So what next ??? Euphoria being over markets will have to move back to fundamentals and technicals in the coming days weeks..So back to normal trading..Hope visitors to the blog did book their SIP investments of the last DIP we got..will trade in the coming days with strict sl's as markets may also look to global cues for moving forward..6650 remains a good support below 6900..and a few closes above 7650 only will propel markets towards 79-8200 zone..A correction is due so care at heights and become a trader till then..enjoy the trades ..cheers