Thursday, January 22, 2009

NO NOTHING DAY

markets as discussed in morning is in the zone of NO-NOTHING DAY..brokers paradise..The zone of 2700 again held up..and it never tested 2650 or lower levels..cautious closing going in RIL results..range narrowing now to 2750-2650 maybe..lets roll over the result tonite and the long weekend..enjoy the day ..Cheers..

CONFUSING SIGNALS.

markets last few days/week has been just giving confusing signals everyday, thereby whipsawing both ways(had warned about this phase to all abt. a week back), this always happens when markets are not sure and both BEARS/BULLS are edgy and like to cover their profits..2700 zone is still offering respite to bulls where they will try to pull back, but lack of buying makes them slip again & again..So brace urself for NO-NOTHING directionless few more days ahead.keep ur trades very light and be nimble footed....Options should be played only with very strict stop losses..happy trading ..cheers.