TAKING SUPPORT..

Markets just about took support at 2780 zone and after initial consolidation just about moved up very slowly above 2835 NS to register a tad higher high above yesterdays top..its retested it top again now will it move towards higher targets of 2930-2990-3050 again..or we retetst 2650-2580-2530....Where does it go from here..will look into technicals /charts over the weekend to see where the resistance /supports can come, and what direction markets take next week..enjoy the weekend..cheers.

PROFIT TAKING

After a decent rise traders again move into the profit taking mode from 2880 zone, supports lie at 2760, and deeper at 2720..Despite of huge very weakness calls , january is just about passing off without much damage done so far..Next week or so will set the tone for the direction of the markets in feburary..trade light for the next few days to take the bigger move..cheers..