REACTING MARKETS

Markets just about started at the levels we gave of 2865(watch area), reacted and went slowly all the way to 2750 zone , even good IIP data did not help..and it closed almost at the low of the day..Markets are overstreched now on the lower side, waiting for the results season to start..A bounce can be expected on global cues from these area..trade carefully on the short side..cheers..

WEEKLY TECHNICALS.

Markets are soft and have to find their path in the coming days ..as its a tad oversold and 2800 somehow is being held, a rise up cannot be ruled out from here or lower levels(watch 2865 ,NS closely)..weekly range seems to be 2750-2940-3070..watch this range for trade ..cheers..