T A : FAKE OUT

yesterday and today are very classy examples of typical fake out by markets.. smart market participants who generally are big money like INSTITUTIONS/HNIs , etc normally tend to take markets higher than their tops or lower than their bottoms and then comes the sudden reversal which takes the markets quite far from where it was supposedly going thus causing pain and loss to smaller /retail participants.this normally will happen at the end of a trend which will confuse all those who never participated in the major move and now are keen to get in..do study this move of yesterday/today.. u will find so many similarities. from the past... LESSON IS: DONT ENTER AT THE END OF THE MOVE. cheers

DAILY TECHNICALS

we did not cross the NF 4659-64 , the level of resistance we said..and a sharp correction came..as the US /ASIAN markets are weak we can head now below 4525 towards the swing target 4464 , break of which can take us quickly 4368-4300 range..(NF has support at 4350-4210 range this month). the strong swing resistance of NS 4679 needs to be crossed deceisively to continue the UP momentum. cheers and happy trading.