POSITIVE DAY

After huge battering the markets all over bounced with short covering to unwind the over stretched markets..2780-2810 is the area to watch , cross of which can take us all the way back to 2880.. supports lie in 2720-30 zone..So what next????? its settlement day tomorrow and volumes should be low as still there is pressure of lotsizes on the market players and rollovers are less..enjoy the day..cheers..

BOUNCE TODAY

A bounce from oversold positions was on the cards and US after days of hammering just about did the same..Over 2736 we should move towards 2780-2810 zone.. bullish move if anay will come only after a couple of closes over this area...Settlement /larger lot sizes from march series/stress test etc etc will weigh heavy on the MARCH series..Take it easy and see which way we drift beyond tomorrow to plan your investments..cheers..