WEEKEND RELIEF

Markets just about finished its consolidation and gave a weekend gift to belegured bulls ( Trapping the Baby Bears badly)..now we are in the range 4650-4750...for the next week..The move of today was very clear when markets held the lows of 4577 made few days back..( it just jerked the weak hands with the sudden Intraday dip to lows & then the spectacular pattern of the RISE UP..( A classic W pattern in intraday charts, see above in the chart the swing lines.....) cutting once cross of SWING top of 4650 to the 4720 zone..enjoy the weekend..cheers..

FLAT STILL

Global cues giving no clues and markets just about being flat all over..seems market participants are waiting for some directional cues to move forward ahead..Lets wait and watch also what happens in the coming days ,,,,,mean while the range of 4550-4650 is still on..trade accordingly cheers.