Markets did grind down and hit the target of 5900 as written in the last weeks post..5860-5900 should be the support zone in the coming days in case we slip below this level and a bounce back is expected for the over sold positions..Many stocks have corrected well and investors/traders visiting my blog who booked at the top can now buy this dip in for this bounce back..The corrective up move will define the path beyond the budget etc ..and the key area again to watch will be 6050 zone ..close and stay above this zone for a few days will propel the markets to 6200 & beyond..Break below 5850 will take us to the 5700-5750 zone..This could be the path leading to the budget..enjoy the markets and your trades..cheers.
