RESILIANT INDIA

Markets closed in positive despite the worst possible enviroment in MUMBAI & the battle with terrorists still raging hard at all 3 places..Point to be observed is we closed over last months settlement (october)..( this has happened after sometime..)..2718 was where the markets were taking support from ,and then making their move upwards towards 2760-80 range..Do not wish to write anymore today as my heart is still with our security forces in MUMBAI..waiting for this nonsense to finish..lets all pray..good day.

SETTLEMENT DAY SWINGS

Watch the pivot today for cues ie 2718, as market could swing anywhich way.Supports at 2690 deeper again at 2640-50 and resistance at 2760-80..best is to see how trade unfolds and take it from there. Keep the trade size low today & let the settlement and the Mumbai incident pass over the weekend.Cheers.