ROLLER COASTER DAY..

Markets did what it does best.. A SWINGING MATCH..It crossed the highs & as if on cues sold out breaking 5162 and headed straight for the lows of yesterday beyond 5120 to bounce back at the S/R of the day 5120 zone..It was a good day for level players as markets rewarded both ends, it was a good day....So where is it headed next week ????..lets look over the charts on the weekend seek it out..enjoy the weekend..cheers

MOVING AHEAD

Markets globally are positive and we once again try to take out tops..The message was clear in the last few days that nifty is not falling much and taking support around 5080 zone & bouncing back ..Very important to take out 5162 & stay over it ..Cross of 5181 top could trigger short covering , from scared shorters making markets cross the 5200 hump....5120 zone is now what looks like a support zone..enjoy the trade cheers.