CAPITULATION

Looks like monday was a day of capitulation fever which moved from Asia to Europe and then final frenzy in US. Good news is that a sharp bounce occured by end of trade there in US...The Asian markets are a bit stable today and with our GOVT. also announcing some sops last evening , we too hope to stabalise. The chart posted last evening should be used for reference for trading levels in the next few days. Remember everything overdone comes to a end. Keep your trades very light as we have a holiday on thursday for Dussehra and the truncated trading ends on 8thoct.3800-4000 area will be a area to watch and break again below 3600 can take us to 3500. take care..cheers.