SURPRISE SURPRISE

Despite huge bearish calls by many experts specially after the US markets crashed of nifty falling to sub 2450 range and below , did not help their cause as markets did the unthinkable , moved up from morning trade only and despite heavy sell off regained all lost ground to move over 2700.., making them hopefullyto wonder as to what happened.Technically , markets had unfolded todays move yesterday and i had pointed out that the late cross done by the market of days high and severe oversold position and today being 8th day of the downtrend,..the move up over the pivot will be towards 2750...We surely are heading there..Hope all visiting here enjoyed the call..cheers.

PS again a gr8 day for traders with unbiased mind and following the trends.App. 400 points of NIFTY.

WEEKEND BLUES

Finally the US markets after lots of wait broke their lows yesterday. Asia markets are weak and CRUDE ........ (god knows where it will halt, good for the world.)..Now can we say that lows of 2008 are already made for the whole world & the BEAR RALLY can resume.Lets watch tonite & start of next week for the cues...I think we are almost there.Next few days will confirm this or if we slide further to test the october lows.., watch 2470 zone for support today & we will complete 8 straight days of fall today. .. 2563 is todays PIVOT for the day and cross of 2582 can take us to 2750 zone...Trade accordingly...cheers
PS: will look at some charts during the weekend for more cues and targets etc.