Markets broke all supports last week to plunge down to pre 16th may levels.Global and local cues triggered the move.Its said the bull markets have no resistance and bear markets no supports. 6869.75 level was a top from where we dipped in may '14 to start the rally towards 16th may top of 7563.. as markets are over sold a rise towards 7550 levels in the next few weeks is possible and then a retest of bottom or below..short term 7150 -7200 will be resistance to cross. your select stock buying should have begun with the panic of the last week to be held for a year or two for long term gains. be nimble in your trading and do start your stock selections in SIP manner over the next few weeks etc..enjoy the trades cheers
