Markets moved in a tight band bothways last week with voilent thrusts..Technical traders would have captured these intraday moves and made good profits.
This week too the techs seems to suggest the same band..5550-5850 , 5700 is the WATCH ZONE a range of 150 points either way..Being a truncated settlement week be a bit careful in OPTION trading..The bias could be on the long side only if we trade over 5700..as low was protected last week..Trade accordingly..
STOCKS: Reality/Capital goods seems a tad oversold ..Watch them in this week.(PSU BANKS moved well last week)
