Markets moved well over the week and did its target of 5175-85 zone..it failed to cross the 5225 zone which was keenly watched and expected by many..The sudden jerk on the weekend was expected as profit taking is must in a upmove..4980-5000 zone should hold in the coming days failing which we may be heading to retest the lows or drift lower on global cues..4880-5220 could be the range in coming days..do keep strict SL's . for any longs initiated in the fall ahead..enjoy your trades ..
cheers
