MARKET REFLECTION

nifty moved spot on in the range of 4248-4337...(ANDREW PITCHFORK WONDER) ,very close to my support and resistance level of 4250-4335.. it closed at the higher end of the intra range a good sign..stocks bought at opening gave good intra day profits whether index or mid/small caps..the bias defenitely was UP, good retracement from lower levels.lets ponder over the weekend and see where we are headed for the settlement week..enjoy ur weekend..cheers.

DAILY TECHNICALS

the soft cues turned into a blood bath after break of 4384 and broke all supports till it came near 50 sma.have posted the andrews pitchfork levels for intraday trading..nifty turns positive over 4335 and had 2 good supports down , one at around 4250 and final at 4200 & below...this is taken from the top ie 4650.DTI intra day is negative now. one can go long at these levels for a fast retracement of the oversold market. select stop pickings for delivery also can be done if we drift further down . cheers & happy trading