5630 TESTED

Market opened with a gap up continuing Fridays move,the markets manage to test 5630 the previous 9 months high and is expected to continue to do so.Well the markets did not manage to stay above 5630 since it faced supply at higher levels ,that was for certain.The markets posted aclose below 5630,yet holding 5600, indicating the euphria might be fading.The markets hammered a 5% rise in just 2 days,with the fundamentals still being porous.I fell that the markets are on thestart of bull rally.
                                                                                                          We are going to witness 5830 and 6350 levels in near future.The span depends on the momentum of the markets and how fast are we reviving.Looking at the broader picture it is clearly evident that we are at thestart of new up trend after a long correctve phase.Inflation beig themajor concern will be responsible for counter trend rallies.
                                                                                                               Friday i had suggested to book profit ,oday came with the bonus rally.Now it will be prudent to book profits and enter againg at lower levels.Rising windows pattern are an indicative of strong bulish trends.I expect markets to cool off, consolidate and gain beging the next move up.5630 is a strong reistance zone ,only aclose above 5630 levels accompanied by high volumes will validate the higher alternatives,if in case we break above on dispersed or lowvolumes then the breakout could be suspected and in that case be prepare for a sharp correction .



TATAMOTORS TARGET OF 275-280 HIT