CHAK DE DAY

Our markets opened weak on global cues took support again at 2880 zone, spent some time there to finally move up again to close at the high point of the day, though it was tricky at the top, it stilltook a decesive move in the last 5-10 mins forcing shorts to cover.Well the range is set now..... 2880-2960, break either way will take the markets 70-80 points quickly..in either direction.. Trade the direction, though would advise caution here & only intraday trades with smaller lots..enjoy the day ..cheers..

REACTION ZONE..

Seems despite all the noise created by stimulus package etc..2950 remained the reaction zone( we were overbought) todays cues too say we will react again ( we reacted once yesterday too from there)..2880-2860 is the area to watch again today..and deeper down at 2810..Resistance now is 2950 , cross of which only can take the markets to 3050 or above..Hope visitors to the blog , cleared their longs/ stocks and can watch again to see where they can enter..enjoy the day ..Cheers.