TRADERS PARADISE

I had said at the begening of this month , that November will be a month for traders, all smart traders are taking positions with the direction on a intraday basis, squaring of at EOD and starting afresh the next day, ( much better than being biased , taking a postion short or long, and then after some up/down YO YO by the market nextday squaring off near the buys ,with next to nothing profits). Traders who squared off yesterday got the trade DOWN -UP-DOWN-UP-DOWN.. today , even a novice would have caught it well, and would have made good money.. Incidently markets after breaking 2750 took support around 2670 zone today..Trading should be the mantra for a few more days/weeks maybe..enjoy the day ..cheers..

RETESTING LOWS

Markets all over are retesting their lows again and again and trying to get to the next bottom , which could be near/lower/higher than old lows.There are no positive cues coming from any GOVT. now and it seems all the guns have been fired and markets now will have to find its own path despite all the bad news coming daily from all around.Our levels to watch will be 2860-2900 on higher side and 2750-2670 on the lower side..Trade accordingly as global cues today are soft to negative..cheers