REACTION ZONE..

Seems despite all the noise created by stimulus package etc..2950 remained the reaction zone( we were overbought) todays cues too say we will react again ( we reacted once yesterday too from there)..2880-2860 is the area to watch again today..and deeper down at 2810..Resistance now is 2950 , cross of which only can take the markets to 3050 or above..Hope visitors to the blog , cleared their longs/ stocks and can watch again to see where they can enter..enjoy the day ..Cheers.