03NOV TO 07NOV 2008

There are too many ifs and buts to say something about the stocks we discuss here every week. A number of resistances are on the way up but supports are lesser on the way down. Even remaining in a sideways mode in a small trading range would be of great relief.
Therefore, it would be prudent to wait this week and watch how things pan out over the next few days. There would be trading calls on updates, if any, from time to time!

The existing short term Long Positions may be squared off on every rise. Short positions could hold with an appropriate stop loss because things have not turned very positive, so to say! Markets could remain very volatile with negative bias over a couple of weeks more.

To sum it up, it is presumed that markets may trend lower soon unless there is one more weekly close with good gains.