Mkts should continue to trend up: JM Financial

The bullish reversal pattern breakout that we spotted last week now provides support at 20100/6020 and this level should act as the worst case in case of any pullback, says Gautam Shah of JM Financial.

January 04, 2011 / 08:41 IST

Here is expert equity call for the day on how the markets are expected to trade:

Gautam Shah, JM Financial: The bullish reversal pattern breakout that we spotted last week now provides support at 20100/6020 and this level should act as the worst case in case of any pullback. The same pattern has a pending target of around 6350/21200. Overall, the markets should continue to trend up but witness a short intra-week correction.

first published: Jan 4, 2011 08:39 am

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