THE WEEK AHEAD-9 JUNE-13 JUNE

If you refer my previous post under The Month Gone By, 4730 was a crucial level to watch out for and it looks like we have breached this level decisively and headed downwards. We can now safely assume that being short below 4747 is the most sensible trading strategy to adopt and for any up move to happen index should trade and close above this level for three days. Downward targets are 4569/37, 4450. If 4450 is breached then it is very likely we may see the gap being filled at 4100 levels.