The month of March ended below the Feb. monthly close..So 5675-5700 emerges as a zone to watch in the month of April..above it long and below it short with your stop loss in place as you do..The range for the last month was 386 points ..The range could contract this month..5600-5700-5800 is the emerging range with a quick flash of about 100-150 points either way on breach of this range..Markets are a tad oversold in the daily charts too and may give a bounce provided the global cues support it..Watch the range and trade accordingly..enjoy your trades ..cheers
