BREAK DOWN

Markets seem to be in a frenzy after breaching 5000 on the lower side..We could have touched 4850-60 zone (Budget Day start ) very easily..but it just halted at 4900 ..Markets will bounce back from this zone to maybe the 200 DMA or 4980 zone..before deciding what to do..Any picks at yesterdays lows should be booked as we rise..This pain is not over till we dont close consistantly over 200 DMA..Trade acordingly..enjoy the day cheers.