BULLISH DAY

Yesterday call of bullish candle and open to close high gave us the range we looked for in the morning update..app.3850-4000 area. This is becoming a traders market where participants are not very keen as of now to carry forward and add to their longs after buying the panic bottoms..profits are being taken on a intraday or a 2-3 days positional basis...I f we take 3800 as the near term bottom , the tops are squeezing downwards from 4600 in july to about 4000 today.The trading range is getting smaller and smaller.A range ..break out/down is imminent and will be fast furious in a few days from now ....Which side ..Take a guess?????? CHEERS.

NEW BLOG

I am planning to start another blog along with nifty spotter ( caveat remains that i should have spare time from my regular work), where i plan to explain technicals/detailed analysis/give maybe directional calls/ stock pickings/intraday calls /live intraday chat invite other experts etc etc..But this site will be private & accesable through invitaion only. friends visiting here who may be interested and have some suggestions , do send me a mail .thanks in advance....THIS WILL BE A FREE SITE. cheers.

WHATS UP NOW

US markets up, bailout package voting again on wednesday..should go through, being a truncated week, positional players will lighten profit making positions whether short or long & also see from here as markets after the settlement already gave a fast furious one sided move which shook all...Goverments world over were trying to stem the rot by restricting short sellers. 3600 remains a huge dogma for many people as again and again on falls its alluding them. For todays trade 4000 to be watched and 3850 should hold in support. cheers