Markets expected to cruise along at current levels as bulls stay put

 The market movements have unnerved most watchers in the recent past, especially after Diwali as the benchmarke Sensex crossed the magic 5000 mark only to fall a good 8 per cent in the next three weeks.

 Amid various opinions floating in the market, a pragmatic, technical-based view is that that the current levels are well supported.

 The daily bar chart of the National Stock Exchange