PROFIT TAKING

Markets are still in profit taking mode as there seems to be no support coming for buying..Markets just drifted after remaining positive for sometime towards the support of 4930 area..Breach below that could cause some serious unwinding in longs..Watch that area and dont be a in a hurry to buy if this breaks ..Bounce back will face resistance at 4990-5010 zone..enjoy the day cheers.

WEEK AHEAD

Markets today are flat, waiting for cues to move ahead..5050 appears to be the S/R of this week with a range of 4850-5250..The levels to trade have been written last week too in this blog trade that..Please note that this is a truncated with a holiday on 25th for Christmas.enjoy the day cheers.