MARKET REFLECTIONS

markets held on to 4304 zone thru out the day, traded around this zone.. and then forged ahead for the speed line target of 4345 , thereby leaving a higher low at 4283. despite weak global clues our markets held their ground and then gained in last hour. cheers

DAILY TECHNICALS

After the gap up yesterday on opening ,markets showed weakness and slowly drifted down. intraday charts showed weakness thru out the day and more selling was expected. with global cues also very weak, we can expect a drop to 4304 & retest of 4248 and more below 4335(speed line break of 4248 on charts yesterday showed that it can take us to 4200 & below ) . see how the market pans out and take ur call.. cheers.