Markets moved in a range last week breaching and staying over 5400...The S/R for the coming week is 5415 zone , with a possible range of 60-100 points ..Traders should keep in mind that the rally from 4800 is now struggling at the resistance zone of 5440-5480 around..We have to decesively breach that to make some move towards the old high..or breach 5320 to retest the recent lows..So play the range effectively for gains..cheers
PS: S/R means stop and reverse.and values written above are for nifty futures
