NERVOUS STILL

Markets still are carrying lots of nervous energy with them, as every attempt to close above friday high resulted in selling..The range is 2550-2650, break either side should give a quick100 points move..trade accordingly..cheers.

CATCH UP

As SGX NIFTY suggests we should surely play the catch up game on opening after 2 days of holidays..2660 NS is the resistance zone over which we can trade all the way towards 2700-2750..supports lie at 2585 zone.( see the SPEED LINE CHART posted yesterday)Its very important to watch the US MARKETS in the coming days to see whether they hold/break or make a higher low, This will give us some idea whether we will hold our lows(2530) or not & also if some kind of a BEAR RALLY is lurking somewhere in the background...enjoy your trade if long..cheers.