Markets hit a bottom on the Delhi elections and turned to reverse sharply again over the last week..8500-8550(NF) took the support this time for the reversal..8900-8950 is the key area to watch for the resistance to come back..Budget is after this months settlement and the markets can cross to make new highs in early March..Markets are a tad overbought in this long run of last 12 months..do keep booking your trading positions as we approach the budget and now the stop losses will be about 8500 zone as the next levels deeper are 7900-7300..enjoy the trades cheers
