Markets covered the volitality well and broke the 5630-50 range decesively to surge ahead towards 5800(NF) as expected on the breakout last week.Visitors to the blog who would have taken advise to buy the last 2 weeks dips in their select cash stocks would have profited handsomely with the returns.The doomsday Bears on TV channels helped in the short covering..So what next???? any guesses....Well as a first, the falling weekly channels should give resistance at 5850-60 zone..in case of a up move..5690-5720 should be the support zone now where some buying can be done for a move up..Being a truncated expiry week , advise will be to wait for good dips to buy in cash and for technical traders to play the the volitality well on both the sides..Cross and close above 5880 can take us then all the way to 6030-6050 zone..deeper supports in corrections now lie around 5380-5400..enjoy your trades cheers..
