PROFIT TAKING

Markets in Asia are soft due to weak global cues.Resistance of 3220-40 may not be tested today and support at 3085 should lend support failing which markets may retest 3020-2990 levels. Watch this level closely for getting out of longs as markets maynot hold 2860 this time if it ventures in that territory. Trade with caution in small trades to allow market to make up its mind and then follow the trend. Remember this month will be traders delight and strictly follow the trend , not your heart....happy trading..CHEERS.