VERTIGO HERE

Markets have been continuously in a distribution mode from the last few days..Are the bulls tiring and bears waiting to pounce..Lack of cues will give momentum to bears..we have made LOWER TOPS/ BOTTOMS today..Break of 3310 will take markets deeper down on unwinding by long term bulls..support of 3350 zone can again makemarkets attempt for 3420-3450 zone or above on buying supports..Global cues will tell whats in store..enjoy the day cheers..

WEEK AHEAD

Markets moved in the range 3350-3500 last week, closing at the lower end. 3410 zone is the S/R for coming week,with a range maybe of 3200-3600.The percentage gains of this rally was very good week after week for first 4 weeks, last week or so the markets have done just about nothing, maybe waiting for some more cues/news to set the direction. Lets see how it fares..enjoy the day.cheers.