WEEK18TH JULY TO 22ND JULY

Markets dipped to around 5500 as mentioned last week here by me to take support and start consolidation again..Breach of 5500 in close will dip markets by 150-200 points quickly..5590 seems to be the S/R for the coming week .Buy in dips should be remembered and action taken accordingly..Global situation is not good & indian fundamentals too are taking a beating..Keep your eyes open while trading so as not to be caught sleeping..5350-5850 is the range for the coming weeks..trade accordingly..cheers