Saturday, October 26, 2013

WEEK 27TH OCT TO 1ST NOV

Markets have been making higher highs and profit taking sets in..Either the markets are consolidating for another leg up or after making a lower low ..correct as selling has set into the daily charts, though weekly/monthly are still in the buy mode..Watch 6150 for next week with support below 6120 at 6000-6020 and resistance at 6250 or higher around 6300(NF)..Break of thyis range will give a quick 150-200 points on either side..Being the settlement week volatality will be there so trade acoordingly by buying in good dips..Enjoy your trades cheers

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