WEAKNESS OR CONSOLIDATION

Nifty dropped froma top of 3240( A strong resistance zone) and is consolidating around 2850 area, support below is 2780-2700-2630 and resistance to any upmove will again be 3050. Shorts should be avoided over 3050 & any longs if initiated around here should be traded with strict stoplosses as supports are way down.Selected stock pickings can be done on the way down for a trading bounce..enjoy the trade....cheers