mkt view...

so over the weekend mkt behaved on expected lines. crude reacted from near $50/bbl and came down and yet to become bullish, it seems to be now moving in an short term expanding triangle whose lower support line is around $30/bbl, profit booking also took place in gold which was also mentioned, and nifty also took support near the very important lvl of 2812.

US mkts fell on friday which may have impact on nifty on opening, its in short term downtrend, eod trendline should be held on closing basis for intermediate uptrend to continue. if breaks then may come down to upto 2500.