SMART MOVE

Markets did what its was expected to do, catch the shorters on the wrong side of the trade from 2570 levels , squeezed all the steam out of them today and moved up crossing the resistance point of 2850-60 levels to close at 2928..The rally was helped by the BIG BOY, RELIANCE leading from the front, almost all segments participated in the rally . so what next ?????..lets see some charts tonite to see whats in store in the short term.. As of now 2630-40 will now be long term support for longs..take care ..Cheers.

THANK YOU ALL

Would like to thank all for you for the overwhelming responce towards our new service which we planning to start. We will send details in the next day or so as we were away for a family wedding.Coming back to markets,it halted again at the resistance level of 2850-60 on monday, before some profit booking set in , this level may be tested again today. Its important to cross this level soon failing which we will again drift down to 2640 zone..in case we fail to cross 2861 and stay over it..Trade light after opening and see how the market unwinds itself before commiting to any directional trade...Cheers.