Markets failing to cross 5990 broke the 5900 zone to retest the 5800 zone to register a V shaped bounce..Technical traders would be enjoying this roller coaster ride either way for good gains as the market is giving huge movements..So what are we looking for next week..An event is there RBI policy so be light going into it..6000-5900-5800 seems to be the range now..with 5900 emerging as a pivot ..trade accordingly.. long term averages are turning bullish in intra day charts with 5830-40 being a break zone in close..If we remain in this zone and US/Europe holds we may head upwards to test or break the highs made recently..cheers
