Markets are awaiting the news from US to make the next move..The indian & european news are already taken care off..there is nothing much to cheer the markets otherwise what with higher interest rates and bad governance & political problems here..Monthly S/R stands at 5570 with a range of 250-300 points.. The coming week too seems to have a S/R of 5550 with a 200 point range either way..Markets are doing their time corrections in a sidways range bound way and maybe the next move will be decesive for coming time..Be very light in the coming week/weeks and play the direction..enjoy the trades..
cheers
