TIRED MARKETS

Markets are not able to sustain the initial gains & are breaking down quite easily to supports..A few more days like this will encourage the Bears to break in the tired bulls..Profit taking and rotation is visible ..though interest still remains in small /mid cap stocks..Watch 5100 levels for any reversal signs as markets somehow seem to be holding here.seems the range could be 5020-5220 going ahead..enjoy the day cheers.

WEEK AHEAD

Markets globally are positive but do not look to be ready for any runaway rally, The area to watch next weekis 5076 for S/R...The range could be 4850-5300..Profits should be booked as we move up and trading positions liquidated at EOD by deft traders so as not to be caught on the wrong foot next day .Trade lighter & quicker with strict Sl..enjoy the day cheers