WEEK 12TH DEC TO 16TH DEC

Markets cooled off as expected and touched the bottom ie 4850 of the range which was suggested last week.Markets will consolidate in case it has to move ahead..Not clearing 5220 last week shows the inherrent weakness still in the market..Despite golbal markets quickly recovering their losses indian markets by and large always slip till we react to very oversold positions with quick reversal rallies..Do try to preserve your capital in this volatality by trading in small quantities if you are not a technical trader..otherwise buy in dips should be the key till the markets done turn bullish.4950 is the S/R of the coming week with a range of 4650-5250..enjoy your trades..cheers