RETESTING TOPS AGAIN

The gains of yesterday got sold into in the morning around 2950 area , taking support at 2900 market traversed back to test 2990 again and closed a tad below it. Nothing much can be derived out of todays trade except that markets have come back to test its strenght, can go higher on short covering , before new year augurs some fresh buying for it to show its hand..over all a whipsaw day for traders caught on the wrong side of the trade..enjoy the day ...cheers.

CAREFUL UPMOVE

markets held the 2860 zone again , moved up ..this could be a rally in the downtrend..watch it carefully..2950 then 2990 is a area to watch again..a few closes over 2990 will reverse this down move .. trade light and in direction and let the holidays go by for some serious trading /investments calls to start..cheers..