PROFIT TAKING

Hope all visiting my blog would have heeded to my observations of top tops and that profit taking will set in and we will test levels of 2990-2950..We went spot on there, (We were short from 3100 levels with NF & with jan. puts)despite of huge calls of 3150-3250-3300 by so many experts , we followed our technicals and charts..lets watch 2920-30 zone carefully for any support for upmove , otherwise it will be selling on rise by trapped bulls..enjoy the day ..Cheers.

LOSING STEAM

Markets lost steam around 3100 levels after failing to go towards 3150 levels , just gave up gains..Asia is soft and some more unwinding can take place. Watch 2990 and deeper down 2950 for support....resistance now lies at 3100 zone cross of which this time can take us to 3200..Trade carefully in the settlement week and light..Cheers.