STILL HANGING ON

Markets are just about hanging on to then gains..& 4800 was held in close..Bulls are finding the going tough & the climb up is laborious..The market postion as to close today is NEITHER HERE OR THERE type.. This small range may break soon in the next few days & the move can be fast and furious..( hope all noted the levels posted in the chart in the morning)..Do Trade with care and Sls in place..( Despite a small range a decent gains for swing traders),,,,enjoy the day cheers.

WEEK AHEAD

Markets are soft all over..4800 zone is the S/R of this week with 4600-5000 as the app. range for the coming week..

As can be seen from the above chart , we are in a upward sloping channel over the last few days/ weeks making higher highs/lows..The above channel chart shows a tentetive target of 4950 above which we can rush to 5300, Break & close below the of the lower channel ie app. 4650 for a few days will end this upward move..Enjoy the day and trade accordingly..cheers.