Markets got the fillip from the FED statement and gave a huge leg up to cross the last high decesively. Volatality returned with our RBI policy to give a fast furious dip..etc..The fact is markets were over stretched and needed a breather to correct consolidate for a few days to decide whether to move higher or correct this rise..The 3 weeks from the bottom is over so it can be any which way..The range set right now should be 5950-6050 +/- 100 points below or above which will come the breakout / breakdown(remember its the EXPIRY WEEK so care on both sides of trade)..Traders should reduce their trading positions and investors book their profits to wait for a good dip to get in the trades again.. enjoy your trades..cheers
