MIXED DAY

Markets gapped down & then just about retraced all the losses and then came down to retest the lows again..The next few days trade will tell where we are headed ..4900-4930 zone should be watched in coming days and if we remain over 5030 we may retest or cross the recent tops ..trade accordingly ..cheers.

SOFT CUES

Markets will gap down today as SGX NIFTY shows..shorts should be booked and as when markets take support some longs can be initiated ..Supports lie deep at 4900 around..It will be interesting to see the coming days as breach of 4900 zone in close can take us deep down..and on cross of old highs to maybe over 5200..enjoy the trade..cheers..