ARM TWISTING DAY

Panic fall, Panic top and then back to the trend ie downwards was the order of the day..A traders paradise today , markets gave returns to both the bulls/bears though the day in the end again goes to bears..lets see how things pan out in the next few days till settlement..my advise to smaller traders is stay away till diwali ..enjoy the festival with family & friends and keep away..let the market settle down and then take your call, the supports given in the morning remain there till they are breached....cheers..

DOWN & OUT

Markets all over are bleeding including all commodities(GOLD GONE) today morning. So we will break the range at 3050 for the lower side with at least a target of 2850 as i had been mentioning last few days... A very strong support line now exists at app. 2750 levels(I never believed we will reach this level so fast), and if market takes support there, which i feel it should , we will retrace back to 3250 zone and any rally above this will take us to 3900 and above zone. Talking about higher levels today sounds nutty, but so was talking of 3600 & below at 6357..Take your call as per your holding capacity.. cheers