RESILIANT TODAY

Markets almost stopped at 2880 zone ,stumbled , crossed and moved on to the 2910-30 zone..despite all world indexs being weak to negative.. Care should be taken at this or 2950 levels as the reaction could be expected in this area..We are over bought in intra charts..so any more rise please clear you longs /stocks and maybe stay on the side for a little while..cheers..

TRICKY AHEAD.

Markets move into resistance zone immedietly on open at 2860-2880...and above this 2910-30 will be the reactive range ..supports lie in range 2770 -80.. keeping the EVENT in view iestimuluspackage& its clearance ,could just rock the cradle either way going forward..Low volumes suggest WAIT & WATCH POLICY..Trade in small qty. for a day or so but definitely in the direction of the market..Overnight positions can be avoided for a day or so ,soas not to be caught on the wrong side of the trade..enjoy the week..cheers..