Global cues propped the markets beyond the range to move towards the higher end of the range towards 8050-8100. Markets have moved 500 points from the bottom despite huge build up of PUTS when we were at bottoms. so what next..A retest of the bottom is due to establish the higher lows higher highs model.. its a truncated settlement week so volatality can return in the coming week.supports lie around 7800-7850-7900 and resistance around 8150-8200 trade accordingly.cheers
No comments:
Post a Comment