Sunday, May 10, 2015

WEEK 11TH TO 15 MAY

Markets gave a flip up from the lows but failed to sustain over 8300 to break the lows towards 8000 nf..Reversal again was sharp as buyers came at these levels..This seems to be correction of 7750-9191 range of the market..The next dip if the low holds has to be seen for any sembelance for a move up otherwise every rise has been ending in a sharp fall. watch 8310-8350 zone for any resistance if we keep moving up 8100-8136 should lend support for a up move..do book profits or keep strict sls for your long trades..cheers