RANGE TRADING

One should look beyond the settlement ahead for the foot print the markets can make in coming days..range is 4600-4700 (+/- 50 points)..Markets are looking Tad Tired..need some impetus for move ahead..lets see where we get it from in coming days or weeks otherwise..It can just unwind ..Trade with caution, in- direction , with strict sls ..enjoy the day cheers..

SETTLEMENT BLUES

Markets as of now are in a range and working in tandem with global cues..4400 held, now 4600 is being tested..One has to be patiant to see where we head..4700-30 is a resistance zone..Global cues can support a move over this zone otherwise markets can consolidate for a while in a range ...settlement week may give some wild swings either way ,so trade carefully in next 2 days..cheers..