NERVOUS AGAIN

Markets moved up quickly on opening & reached levels of app.2850...( strong resistance zone)which it could not cross ,and just started drifting down , finally collapsing from the top to 2750-2690 and lower 2670..Final Support lies in the area of 2640-30..break of which takes us straight to 2580-2500 zone and below. The selling and unwinding was heavy and , i will prefer a wait and watch policy for long or maybe wait for a bounce to short again.. Again a traders market today...Cheers..

TRADE AHEAD

Markets took support around 2500-2600 zone last week , to close around support area of 2700 . The bias thus changed positive at least for the coming few days .As said before look closely for 2850-60 zone cross of which can take us all the way to 3000 and above. Lets see how the markets trades today.. 2690 still remains a strong support zone over 2630. Happy Trading..cheers.