DEAR VOLATILITY

HELLO, we were really missing you.. and here you come..everyone around was cribbing about the boring small range market & you quietly came in , expanding the range which i had mentioned a few days back..Now what????get ready for RANGE EXPANSION and WILD SWINGS, which definitely is a paradise for nimble traders but a nightmare for small FNO or investors. markets managed to keep its head over 2600 NS levels closing below 2660 for the 1st time signalling weakness....lets see where it takes support for the pull back as we have moved into oversold zone ..cheers

US /ASIA DIFFERENT STROKES

Seems US is unfolding all the problems in its belly by the way of daily melt down in the markets there..Are we in Asia trying to say we are different..At least i am thoroughly confused also now as where- what we should believe or hear about..This extreme chest beating daily of testing lower/lower levels by our markets is somehow taking a toll on the participants as volumes somehow seem to be falling daily..SO WHAT SHOULD ONE DO..maybe wait out this period, or do some select stock buying and be prepared to buy the same small qty at lower levels..FNO play I would recommend to be done only INTRADAY..technicals /charts are giving divergences too..coming to our markets ..the range today could be 2635- 2660-2730 NS...enjoy the day ..cheers..