Markets were range bound last week and tested the traders patiance.The lows have to retested again for any move up ,so lets see how things pan out this week. The S/R for this week is 5505 and the range could be 5400-5600..There are no cues right now for markets to move up and break of 5400 could cause deeper corrections..only above 5580 can some strength be seen in the markets so trade accordingly in the coming weeks..enjoy your trades
cheers.
