Markets broke the range on the lower side to drift to firmer supports around 7950 (NF) to once again bounce back to 8080 and above zone ..Buying emerges at lower levels but if it fails to cross 8200 top in the next 1-2 weeks chances of a deeper correction may open up..Events about India and global cues keeps restricting falls and the bounces remain fast furious..7950-8150 remains a range and a close above/below this range for a few days will signify the next leg of the market ..till then enjoy the trades..cheers
