WEAK DAY

Markets opened weak(BOOKED OUR PUTS IN GOOD PROFIT), and just about stayed at those levels with a very narrow intraday range..Its becoming difficult for intraday traders to take calls and markets do nothing for most part of the day and then suddenly takes a whipsaw..Lets see what Mr Obama offers the world tonite & then we get back to the serious business of stock markets..range still is 2700-2900 till it is breached on either side..Cheers

WEAK CUES

Markets yesterday were doing nothing , moving in a tight range and were a tad overbought..Our decision to get into (PUTS IN LATE TRADE will pay DIVIDENDS in the OPENING today itself)..2760-and deeper down 2700-20 range should provide some support ..Resistance again is in the 2860-80 zone over which 2950 appears to be a good supply zone. Had advocated caution to small invetsors /traders of this whipsaws a few days back ?????keeping booking profits either way.. ....cheers..