Markets on friday reached and closed at a new high for the series. This week being the derivative expiry week, would see markets back under the control of bulls, though today markets could open gap down and test sub 5200 levels.
Throughout the series bulls have dominated completely and are likely to take upperhand on any correction and push markets back into their territory.
The levels to watch out for the week are - resistance levels 5275, 5335, 5365 and support levels 5196, 5134, 5085
The key levels for today remain the same.
Resistance levels : 5275, 5307, 5335
Support levels : 5239, 5224, 5175
Happy Trading
www.tripleint.com
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