STRETCHING IT

Markets are just about inching up everyday and then unwinding a little..the 2810-30 zone is where it traded and reacted from..these are overbought zones and reactions/profittaking shoul;d be expected in this area.Can we buy the dips ????? Can the markets trade further up till the settlement..next few days trade will give some idea about this..as to now 2740 and below this 2660-2680 provide very good support for a further upmove..enjoy the day..cheers..

TRADE AHEAD

Markets have entered the confusion zone where traders are not sure which side of trade to take. The range of yesterday was 2738-2805.It could just about be a INSIDE DAY today..So maybe trade light ,in direction with small stop loss, so as not to be caught on the wrong side of the trade..& see how it fares ..We are a TAD overbought and some unwinding can take place on further rise..enjoy the day..cheers.