WEEK 30TH JAN TO 3RD FEB

Markets are generally unrelenting when in trends either bullish or bearish...hope ppl. enjoyed the ride up..This month is ending on a good positive note..we have reached the upper end of the channel and 5160 should be the S/R fore the coming week with a range of 4950-5350 ..Traders should wait for good dips now to get in so as not to be trapped at high levels..tech savvy traders can keep trading the trend with strict 20- 30 points sl on the nifty..trends generally are set by insistant FII flows and when this drops the sheer heights give decent correction for 2-3 days..Do book and keep trading..cheers