CHOPPY TRADE

The markets were flying all around the whole day after the huge gap down and near circuit levels in the morning and despite all help from the government , it kept slipping again and again ..the bottom as of today is 3198-3209-3258 at day end..and we made lower tops at 3396-3364..Europe /US futures is in deep red..Depressing day for all and i think hands off would have helped today to gauge and see how markets are behaving..lets see how next week unfolds..till then rekax and dont think of the markets this weekend..good sign i noticed was that many stocks started moving up after the carnage and are up 20-25% from their bottoms..cheers..

HOW TO TRADE

Markets have to make higher lows /highs before some semblence comes..if 3199 the todays base is breached , then we wait for another low or market should make higher low (3239 it is that right now)before we can even think of this carnage taking some breath.. todays high of 3396 will have to be crossed too.( basically a few higher lows/highs will be a clue for stopping of this carnage).so look at this range intra day for your cues , its already been a very chppy market..
take care.

INSANE SELLING

Global markets are plunging and there is no respite , all and any supports just plunging , I had posted charts yesterday for supports resistances.Best stratergy is to stay away as every new day comes with worser news.Semblence has to come and it cannot carry on like this.HUGE wealths have been wiped out in the last few days and will take time to recover this, only if this madness stops first ....Take care ...cheers.

PS. Take a break.