Markets moved up to cross the 4950 zone but failed to cross the 5020 threshold for 5150 plus zone..It collapsed after the settlement on friday due to Rupee pressure and global cues..IT will be testing the recent lows made in the coming week ..Failure to hold that or 4700-4720 zone will sound the alarm bells for deeper correction as global cues too are not condusive..profits booked higher can be redeplayed again on SIP basis on the ongoing correction for medium to short term gains..4880 zone is a watch zone again with a range of 150-200 points cheers.
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