SELLING GALORE

Nifty gapped up to Deceive, made shorts take a stop loss yesterday/today then trapped the baby bulls seeking 3150-3250 levels..to just reverse and grind down to the levels I gave as support of 2945 ..HOWS THAT. ?????? All visiting my blog would have gained by reversing positions and clearing all longs..& going short even in small lots..THE MAGIC LEVEL OF 3078 WHICH I WAS WRITI NG for days as a top NEVER GOT BREACHED...SO RANGE 3078-2945 worked well today....It was a good profitable day on the short side..hope all friends coming here and in a friendly chat room enjoyed the sell call and levels given... enjoy the evening ..CHEERS.

POSITIVE ALL AROUND

Markets world over now just looking at any small good news to keep the gains going and taking markets into a overbought zone. Well this is what a Bear Market Rallies are all about. Fact is IT cannot defy gravity forever. Book your profits and sit back, let it cool off and give a good dip for you to enter again .Watch 3148 NS as that is a strong resistance for this ride. Positional traders can take small reverse trades on signs of weakness. Supports lie at 2945 & deeper down at 2860 zone.Happy trading ..cheers.