VOLATILITY GALORE

The day will be written as a huge volatile day where both bulls/bears struggled for supremacy..indexes & prices were dancing thru out the day..every rise was sold into,and prices capitulated like nothing before..in the last trading secession,finally the markets starting absorbing the feeds and moving up. though the markets closed much higher , however the adjustments brought it down in closing ..... seems the bears may have withdrawn temporarily,after booking their huge profits..The trading footprint is in the charts that i posted mid day, hope it had helped....trade accordingly..cheers.

MIDDAY POSTING

The two intraday charts above of speed line/pitchfork till 11.30 am.. they are from the start of this downwave ie 4304..& are self explanatory..we are at supports here..if these do not hold then the next supports are deeper down..take ur trading calls as per ur risk appetite..cheers.

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.