SOFTNESS ALL AROUND

Markets were soft & trade today was just a feeble drift down on no buying support kind of trades..The volumes were far less in average from which one can incur that no serious selling as of now..OI build up today is in 5100-5300 calls ...5200 calls and 5000 puts have Highest OI. We close below weekly S/R today..enjoy the day cheers.

THE WEEK AHEAD

Markets globally are halting and testing strenghts it seems, every rise is being sold into..Is it distribution going on..Weekly charts are not very healthy and some positive cues are urgently required by markets to arrest this trend & cross the Old highs quickly...failing which a drift downward will start for retesting lows once again.. nearer or deeper who knows???? 5100 seems to be the S/R of this week with a wider range of 4900-5300 in the coming week..trade accordingly ..cheers.