MARKET REFLECTIONS

Markets gapped up as per global cues, but due to lack of follow up buying kept slipping thru out the day to end at the speed resistance of 4335..the way forward is still 4430 above 4335 and 4200 below 4250. It being the settlement week lets see how the drama unfolds. cheers.

DAILY TECHNICALS

US markets and now ASIA too is in positive territory due to falling crude.... the SPEED LINES are giving us the resistances of 4335-4430-4500 on intra day basis..notice also that DTI has cut into positive on friday so the move is up. ( DTI is a slow moving indictaor and when it cuts or turns it does give movement in the direction for sometime), it also gave the positive divergence signal like RSI on 22nd viz a viz 19th. break of 4248 can take markets to 4200 and & lower..cheers & happy trading..