PROFIT TAKING OR WEAKNESS.

Markets in US & Asia are soft today , due to profit taking or weakness & bad financial data.. Posting profits in longs was a good stratergy & now wait for a good dip to reenter will give rewards.. 2880-60 zone again will provide some support and break of this will take us all the way to 2820-2800 zone. Resistance over 2945 will be 2990-3020.Do not rush into trading positions , trade light and in directionas it is weekend time , the bias for today looks down..cheers.