Saturday, December 31, 2016

WEEK 2ND TO 6TH JAN. 2017

Wishing all visitors to the blog a very happy prosperous 2017. After a break of 4 weeks as i was travelling abroad a look ahead at our markets.
Markets dipped to break the low made at 7950 to bounce back again..A tentetive target of this rise will be around 8300-8350 above 8200. A retest of 8050-8100 is possible before more moves up.7950-8000 levels has to be held failure of which may lead the markets towards 7600 or below.cross of 8300 takes market to the levels of 8550-8600 zone.
quterly results may lead to volatality which should settle towards the month end for presentation of the budget. enjoy the trades and keep booking profits.cheers

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