10th TO 14th OCT

Markets have been range bound for some time now with a downward bias..Global cues are still shaky & a classic capitulation has still not taken place world over..We have been correcting now for 11 months.. Breach of 4700 and close below it will be the first signal of the final plunge in the coming weeks/months..So trade with care.specially in FNO positions...4860 is the S/R for the coming week with a range of 4650-5050..Nip into stocks you like on dips..enjoy the trades..cheers