TARGETS FOLLOWED

Being on the LONG SIDE from 2600 levels did make the nifty reach its logical target of 2990-3020 zone..A little more push could have taken it to 3050-60 which looked like the destination from the time we turned from 2812 area on Friday. We are very close to the end of at least this run..so do book your profits.. wait for the dips and see where the markets take supports to plan trade ahead...This has been a Shorters NIGHTMARISH TWO weeks....remember guys keep small stop losses to live to trade another day in the stock markets .. enjoy the day ..Cheers..

POSITIVE OPENING

Following the reversal of friday, the markets world over are with a positive bias today and we too will gap up and start moving towards the targets as given in the weekly technicals ie 2990-3020-3050. Trade the trend only as shorts once again have been trapped. But do keep in mind that we are in a BEAR RALLY ONLY..Given above please find a tentative resistance /support chart to help all of you to take your trading decesions.The Speedlines/Extension values are self explanatory targets , trade with them..Cheers.