WHAT A RALLY

Markets after doing nothing for most part of the morning suddenly started moving upwards broke through the 2690 zone went to 2720 , came back to test 2690 again and zoomed up towards 2750 and 2800 area. Many experts talking of the breakdown of the markets would have been caught on the wrong side of the trade..even with lighter volumes people following my blog would have been on the right side of the break out. as the range was clear 2570-2690...The move was big and we are overbought now ..enjoy the day ..cheers.

IN A FLUX

Markets are in a state of flux whereas they are doing much nothing..There seems to be a stimulus package coming in the next few days , and results season will finally be the cue to the break out of the direction. The range still remains within 2570-2690 as of now..Trade lighter and in direction only for compulsive traders. Avoid large positions or averaging loosing positions.Markets have to resume there UPWARD JOURNEY SOON in the next few days , FAILING WHICH WE ARE FACING INTO THE BARREL ONCE AGAIN. Happy trading ..CHEERS..