Markets dipped below the S/R of last week and stopped almost near the support zone as mentioned to make a late week comeback..Markets move shows a move away from the oversold zone despite of huge calls of further slide towards the last lows....Markets surprises the brazen and obvious ..So better see the trend rather than the huge chorus of noise which will never make you buy the dips..Now Coming to next week..some consolidation in the coming week is required for markets to show its hand..do book profits on the stocks bought in the last dip and wait for it to test its base again and any move ahead..If the low of last week is held then it signifies a higher low & in coming months we should surge ahead..many many index stocks are at very good levels ..keep dipping in slowly for medium term into them.. The world and our own financials are still shaky so be cautious to buy dips only rather than chase mirages..The S/R next week is 5425 with a range of 5300-5600..enjoy your trading...
cheers.
