Markets gave the smart recovery from the very oversold conditions moment it opened above 4820 mark of S/R of last week..Global cues are still not good and we almost touched our targets of 5100 around zone..4980 is the S/R of the coming week with a range of minimum 4870-5150..+/- 100 points..Breach of recent lows will lead to further damage of sentiments for a capitulation like situation..wait watch and keep booking your profits for the coming few weeks ..trade light..
cheers..
