MONTHLY RANGE FOR FEBURARY

Markets are almost at the threshold of S/R of the next month ie 2900 , with a range of + _ 500 points..As huge surprises and volatality may again creep up be very careful of trades next month so as not to be caught on the wrong side..The financial mess and the stimulus are going hand in hand and this range of 2700-3200 has been the area of trading this last 2 months..Will this range break or remain same for this month too..difficult to say but possibilities are high that a break may take place....Positional trades can be taken for end to end trade till the range breaks which may give a quick few hundred points of nifty..All the best..cheers.