PROFIT TAKING

Markets just about could not cross the highs and gave the sudden jerk to Intraday traders in the last hr or two..hope people booked and could buy back at 4930 support zone ( Buy in dips worked well today too)..Markets should cross 5016 in the next day or so otherwise we may look at deeper correction again below 4920..enjoy the day..cheers

CONSOLIDATION DAY

Markets will like to retain the gains of yesterday and push forward towards targets of 5050 around..We will be then over Monthly R1 & Weekly R2..supports lie between 4930-50 zone..keep booking the gains as reversals are also fast and furious and try to buy dips only..enjoy the day..cheers.