Tuesday, October 21, 2008

BULLS DAY

Markets moved spot on and stopped again around 3250 zone..break of which can take us over 3400. The footprint till now is higher highs/lows..lets see how the Europe/US markets fare..As Markets made higher lows , buy on dip worked well..savvy traders are getting trades both ways..not much movement in mid/small caps ...mainly action in index shares..hope people who had dipped in the shares 2 days back are in profits..will try to post some chart for levels tomorrow..do keep booking profits..take care cheers

RANGE SET

Markets world over are setting their own agendas /paths, ours for the time being is set in the range of 3050-3250 with a move of app. 200 points in case of break on anyside..the move of 100 points in nifty from the low in the late trade was heartening and what unfolds will have to be seen..Markets worldwise are in positive , so should we be today..watch the levels , trade cautiously..cheers