Great move market made from the lows with help from FII flows & world indexes and then at the crucial junture of 200 SMA gave the classic jerk before the results .. its always healthy for the markets to do profit taking ..5680 is the S/R for the next week...with a range of 5550-5750..Consolidation and holding 5500-5480 will be the key for any move to take out the 200 sma in the coming time..Only cross and close above that zone for a few days will augur well for the indian markets failing which we may retest the lows again sometime in the coming weeks..enjoy the ride and keep booking your profits..
cheers & happy trading.
