Tuesday, February 3, 2009

vOLATILITY CREEPING

Had mentioned before that both bulls/bears getting nervous now in the range which they have set..2750-2850..someone will BLINK..be sure then that you are the right side of the trade..markets moved slowly and grindingly up thru the day to register a quick unloading in the last 1/2 hr and then some shortcovering..where do we go????? ..This week will surely unfold the underbelly of the markets mind..The range expansion can give a quick 100 points on either way..trade with sl's..cheers.

CONSOLIDATING

Markets may consolidate in the range 2750-2850..The falls /rises are slow tedious and sudden volatile movements missing..It is testing grounds both ways and bulls/bears pulling out quickly after locking their gains. The range expansion will come..watch the trend unfold..watch 2807-2730 range for today in NS.Cheers.