ON 5th NOV - MARKETS - CAT ON THE WALL

SO MARKETS ARE END WITH 150 POINTS UP IN 4th NOVEMBER. WE ALREDAY TOLD ABOUT THIS TECHNICAL BOUNCE. BUT CORRECTION IS BENDING BEFORE US.

HOW LONG THIS BOUNCE GOES ?

THIS TECHNICAL BOUNCE FIRST HAVE A HURDLE AT 4780 IF IT BREACHES THEN IT GOES UP TO 4930 LEVEL WHERE THE MINIOR RESISTENCE AT 4850. BUT THIS BOUNCE IS NOT GO ABOVE THIS 4930 LEVELS. IF IT GOES ABOVE THAT LEVEL THEN IT MADE ANOTHER ATTEMPT TO GO NEARER TO 5250-5300 LEVELS.

WHAT ABOUT TODAY?

OUR MARKETS ARE IN UPTREND BUT ASIAN MARKETS ARE AT RED, AND ALSO SGX NIFTY MADE SOME LOW. SO AFTER 1.30 WE EXPECT SOME UPWARD MOVEMENT RECORDING THE EUROPEN MARKETS OPEN.

TODAY MARKETS ARE HURDLE AT 4760 AND 4775 LEVELS IF THESE TWO LEVELS ARE BREACHED THEN IT GOES UP TO 4800 LEVELS TODAY.

IF MARKETS ARE DOWN SUPPORTS ARE AT 4660 AND 4645 IF THESE TWO LEVELS ARE BREACHED THEN IT GOES UP TO 4625 LEVELS.

TRADE WITH TREND - IS THE BASIC DISIPLINE NEEDED FOR THE WINNERS.

IF MARKETS ARE IN GREEN GO LONG IN BANK STOCKS AVOID UNION BANK AND PUNJAB NATIONAL BANK

IF MARKETS ARE IN RED GO SHORT IN PUNJAB NATIONAL BANK.

ANY WAY - GET PROFIT - BE HAPPY,


WITH WISHES,

VENGAIMARBHAN