Tuesday, 5 November 2013

Weekly Market Outlook

The bulls are in total control with the markets are new highs.

However, the BSE index is trading fairly closer to the higher end of the Bollinger Band, hence one needs to be cautious at higher levels.

The BSE benchmark index is expected to face some resistance around 21,350-odd levels. The bias is likely to remain bullish as long as the BSE index sustains above 21,000-level.

The overall bias is likely to remain positive as long as the Sensex trades above 20,600-odd levels.

Key momentum oscillators although slightly over-bought continue to remain in favour of the bulls on the daily and the weekly charts.

Click Here for the full weekly outlook.

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