Caution was advised last week despite rise, due to divergence /non movement of many many stocks???? Buy in Dips only also advised ...?? Hope people visiting this blog would have observed caution and they would have booked profits..Technical traders got the perfect breakdown hurling towards the 6030-40 zone and global cues gave the push lower towards 5930.....Now what?? This is a 300 odd point wave and could be more or same..We will get the retracement from this oversold intra day charts..6050-6080 is a strong resistance zone now ..any move above 6106 will take the markets way ahead to the recent top..The new leg down then unfolds and we will track it accordingly..Any close below 5930 will mean the the leg of 5480-6239 is being corrected now...5960-70 is watch area for the start of the week..Trade accordingly..cheers
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