Well Well, the writing was on the wall in the last few days..and todays jerk really shook up the bulls /exuberance of over 5300 close in this settlement..The OI data which I have been mentioning here just about gave the warning of whats in store..as OI of 5100 calls went up yesterday( they were being written or sold) we moved straight towards our supports of 4950 area once we could not cross 5080 zone..( Remember the S/R of this week..) 4980 is a support zone below which is 4920..resistance over 5050 will be 5080 again...The lesson here is Always good to be in CASH at tops and buy in a day of MAYHEM.. like today then you are always safe & start with a edge over others , rather than chasing markets when they are at top for the elusive tops....enjoy the day cheers
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