RESISTANCE ZONE

Markets gapped up to face resistance around 5070-80 zone..(refer chart posted on sunday) It has to cross and close a few days over 5110 for any upmove, failing which a correction of this up move can set in..Do keep booking profits as we go up..Try to take intraday trades and carry your profits home daily....enjoy the day ..cheers.

WEEK AHEAD

The chart posted yesterday gave a idea of the path ahead..5050-5070 zone could provide resistance ,cross & close of which takes the market to old highs.. S/R zone is 4950 ..watch that carefully when & if weakness comes..Keep booking profits and your Sl's in case there is a sudden dip in the coming days..enjoy the trade cheers.