THE WEEK AHEAD

Markets just about collapsed last week , structurally changing the Upmove..5100 around should be the S/R zone for the truncated week ahead with a bigger range of 4750- 5450 due to the high volatality...SO WHAT TO EXPECT ????..4950 is the 100 ema and a key area to watch ,close below which can skim the markets of some quick 100-150 points or so ..holding above 4950 can take the market back towards 5080-5120 zone to start with ..Global cues ahead will have its bearing in the coming days/ weeks..try to clear your longs around 5150 once, in case we reach there and weakness sets in again..hope this review helpsall visiting my blog....cheers