Sunday, March 1, 2015

WEEK 2ND TO 5TH MAR

Markets have crossed the 2 hurdles of settlement and budget to close at a near term high..What next..markets have to consolidate here to absorb the budget and see forward from there ..the range for trade now is set at 8700-9050 (NF)..a break either way will take markets 150-250 points either way. Markets have been up and going for app 12-13 months..failure to make NEW HIGHS will not augur well for the markets and the long expectation of a good correction may set in..Do book your profits as we rise and wait for good dips to get in again..enjoy your trades cheers