Saturday, February 7, 2015

WEEK 9TH TO 13 TH FEBMa

Markets made a top and reversed as was observed in the last weeks posting to move to retest the recent highs that it had made at 8668(NF).. the range where this market can take support consolidate is 8550-8700 below which the drop will be very sharp towards 7950-8000 levels..If 8670 around zone holds expect a good pre budget rally post the DELHI  election results..towards the recent highs or higher towards 9250-9500 zone..Trade accordingly..cheers