However, we have also failed just above the 4300 line, as we did on Friday as well. Given the support that the 4310s to 4330s represented, we could now be seeing strong resistance at those same levels.
Intraday momentum is looking north at the moment and given the rangebound market we are experiencing I'll be looking to play both sides. So, two possible plays at the moment: sell the 4310s to 4330s resistance on weakness with a rather tight stop or else look for strength on a dip to 4250s.
