Markets have consolidated in the
5200 zone for a while to unwind in
INTRA charts the overbought situation , thus giving the move up yesterday..The range still is
5200-5300 ,+/- 20 points ... Markets are so resilious that even
overbought position in daily is giving no substantial correction..So what should one do????....well
...go long only if we close above 5310 and go short below 5205 with small SL's. for maybe a 100-150 points run..enjoy the day & the weekend.cheers
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