STRENGHT TEST

Markets unfolded its strenght for the day by strongly moving the whole day , crossing yesterdays high, (range of 4200-4300 gone in a day on upside)absorbing all the feed and closing at the top of the day..4400 zone is monthly S/R..( 3900 was S1)watch this area closely for coming days for the direction of the markets..This weeks close has completely negated the last weeks ENGULFING LINE BEAR CANDLE by CLOSING with a PIERCING LINE CANDLE..enjoy the weekend ..cheers..

RANGE BOUND

Markets should be range bound now till some trigger provides a up/down move beyond ..4200-4300 range..will again become a savvy traders market for a little while..enjoy the day cheers..