SURGE AGAIN

Despite negative cues and disappointment , markets after consolidation took a quick move up , trapping the bearish participants ..( remember 5100 is S/R of this week )markets are trading on lower volumes these days specially when we are falling , which gives a bit of bullish undertones..we never touched 5000 but are heading towards 5200..where the range again gets capped..lets watch if we break out or retrace from there again..enjoy the day cheers.

VALIDATION OF LEVELS

Markets will be consolidating in the coming days to evaluate the confidence and participation of people at these levels..it could go range bound / sideways between 5000-5200 with some dips below on weak global cues..play the range in the coming days and wait for a breakout/down..enjoy the day cheers.