POSITIVE DAY

Markets opened strong again and , despite of profit booking/distribution/lower volumes ..just kept moving up reaching a overbought stage ..the range again gets completed of 2650-2850..Expect reaction from here or a little up at 2870-80..This move has surprised many specially as all were quite bearish last week with quite low projected targets ..trade with care and keep booking your longs ...enjoy the day ..cheers..

MOVING AHEAD..

Markets in Asia still in truncated trading due to chinese new years holidays..coming to our markets it may move to the range top of 2800 around and take cues from there for this settlement trading..expect some sudden volitality next 2 days ..trade light and in direction..supports lie now at 2720 zone..cheers..