Markets just about crossed the range given last week to dip towards and break the lower range set over the past few week during the settlement period last week..Despite the opening dip on friday , the week ended with good gains to close at the high of the day..The capitulation was there to be seen in all stocks across the board except a few sectors..The range of 7950 is breached and w/o cues more can be in store in coming weeks below 8000-7950 zone..we took support at 50 SMA 7884 (NF) zone twice in 2 days ..any close below this levels can take us towards the targets of 7700 around..Keep booking profits or sell on these bounces your long positions on 1st sign of weakness..will still look at 7900-8100 as a range now ..enjoy your trades cheers
