MARKET REFLECTIONS

Markets opened much lower ,stopped app. at 50% of the rise of friday, took support , consolidated at our level of around 4304 and finally gave a smart swift recovery to close with a notional loss . DTI is still negative and is hovering around the zero line..lets look at some other indicators also in the coming days for the sense of direction..cheers.

DAILY TECHNICALS

US & ASIA markets are weak, markets will open down and maybe remain weak thru out the day..despite the markets going up on friday with a good rally, the DTI was pointing down in daily charts that whole day (refer chart of monthly techs.posted last night)and is about to cross zero line, thereby indicating further weakness..4304 around should give support ..trade accordingly..cheers..