2600 LEVELS HELD

Despite Asia being in positive & Europe also opening in green our markets just about were so very sluggish the whole day , riding up in spurts on bouts of short covering . As i had mentioned in morning markets are a TAD oversold and due for a bounce , slower indicators may be turning for a upward move in intraday charts ..Be nimble footed/ light and trade with strict stop loss in the coming days....enjoy the day.

SUPPORT ZONE

We may be approaching a small support zone around 2600-2550, where after days of weakness markets may take a breather and can give a small bounce back..Most markets are in oversold mode right now and some reversals should be expected..2550-2750 could be a temporary range..select stocks can be traded on intraday basis in the next few days..enjoy the day cheers..