SOUTHWARDS AGAIN

Yesterday was move northwards, today southwards..the range 3050-3250 kissed both ways...Comeon guys .. whatsup??????? ...lets move on..next few days will be very crucial..if we break the lows , panic bottoms can be made as settlement approches..remember we are slipping from 1st day of this series ..trade carefully and with strict stoplosses as you can get whacked both ways in this madness...cheers

RANGE TRADING

When ever the end of a trend is coming , markets go in a range which slowly compresses till it breaks out on the reverse side...Is our markets behaving like that..as of today the range set is 3250-3050, yesterday we touched the top, we may go down and see where the supports are..there or above or below...next week or so will be defining moment , as next week settlement will clear many many positions and November series can start with its own direction & steam..The chart above is a daily chart and the speed line range is available for all to see..this should be a tentetive range of support / resistances for the time being..i have taken the complete fall from 4649 to 3046..one can buy dips from here on whenever one see lows holding..Take ur call...cheers