STILL SOFT

Markets yesterday broke the strong multi swing support of 4900-4930 zone to close much below it at weekly supports..Any bounce now will have big resistance in the above zone & markets will try to consolidate in the coming days in maybe 4750-4850..zone to make some move going forward.As there was huge unwinding in the of 4900 PUTS OI , the option sellers got caught on the wrong foot here..Well friends thats what the markets are..excesses done on both side..Cover your shorts today for a small bounce back in NIFTY..enjoy the day cheers..