HIGH/LOW : 4564-4216
CLOSE: 4245
STOP/REVERSE : 4341
RESISTANCE : R1 -4467-R2- 4690
SUPPORT : S1- 4119 - S2- 3993
Markets are close to their 1st monthly supports around 4160-70 zone..Intra day charts too are oversold . Any further weakness from fridays close should be used to close shorts and savvy traders can go long for quick profits. markets can retrace upto 4304-28 -68 and then to 4400 levels , where fresh supply can come again from trapped bulls. Markets world over are seeking some clues for any Bullish upmove , but on the contrary, the Bears are getting stronger with more and more weak financials emerging daily. Bulls could not protect their 4368 levels and gave way quite easily by stepping aside.Watch technicals next week carefully as this hold the key for the next few weeks..enjoy the weekend..cheers
