ROLLER COASTER.

Markets made a positive move in morning and kept trying to move up , stalling and just tumbling to supports of 3050 zone ...(good we booked profits)before making a U turn and reversing , covering all the losses of the day..markets are still overbought and near reaction areas, results facing us in coming days ..lets sleep over this and look deeper in to the technicals for some semblence of these moves , again a very foxing day.. .enjoy the day..Cheers.

WHATS NEXT

Markets have been doing a daily last hour surge ,triggering the SLs and ending higher..WHATS HAPPENING...The band was 2800-3200 and after touching the low , we are slowly creeping towards the top end of this range..Wild bullish figures are now been thrown by experts ...As we r reaching the upper end of this band ( all indicators are mostly in overbought zone..), i will be vary at these levels and again request all to keep booking their stocks in profits..3150 is area to watch above which 3175-3200 is a resistance zone..happy trading..cheers