Markets failed cross the top of the range of 5800 in the bounce back and moved and broke the lower end of the range ie 5600..Markets have a support in the 5460-5530 (NF) which is where we gapped up in the past upmove a few months back..We are over sold in short term, so somewhere down the line we will get a snap back rally due to Bear exhaustion provided global cues are helpful..5520-5630-5740 should be a range for the coming week.Pick your select stocks here for a trading bounce profit..Keep booking profits as and when you get them as the trend is down and till we donot make higher lows the possibility of drifting down more is always there tso as to complete the upmove correction, both price/time wise..enjoy your trades..cheers
