Last week I had clearly mentioned that, "Going forward, while the downside looks limited, there is a lot of resistance on the upside. The markets will struggle to sustain above 29500 once again. The consolidation has given away to price correction and price correction will give away to time correction. Don't be in a hurry to rebuild longs immediately."
The consolidation in the 29300 – 29500 will continue and traders are better-off playing this band.
By reading my messages, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG