WHATS HAPPENING

Markets not giving any help to traders , it was a real thriller of a markets with wild swings both ways..it seems SL could have been hit both ways if trader was not savvy..after opening positive markets today closed much lower than the open thereby indicating further weakness still...4016 was crucial support , we have closed below this.. supports still are in the region of 3970-90 and deeper at 3920-3845. Anyone who is scared of volatality should stay on the side lines for a few days so as to let the market decide its course & directions as everyday the debate world over is..... who else next day..Remember the best long term investments are made during panic dips...Trade well..will try to do some charts and some targets .for all of you...cheers

REACTIONS RUNNING THE MARKETS.

Nifty took support at 3920 , turned and recovered complete days loss to close in positive. As suggested yesteday that open to close was higher, we will open positive today and then chart the path for the coming days. There were many bearish calls during the weekend , wild levels being discussed, many may now be trapped in the shorts they created in last 2 days..the short covering too will take the markets further up. level to watch will be 4070 in support and further down 4016 , with resistance in range of 4160-70 (NF WATCH 4167) & further up in 4200-4220 zone. The bias is up for the day so trade accordingly..cheers