REVERSAL DAY

Markets pleased to deceive..(OPEN TO CLOSE WAS NEGATIVE)Despite of all bullish calls, I had given reaction levels around 3020 zone for targets of 2880-2850.. lets see where we reach below 2930..The unwinding in a vertical line was expected with this ride up in one direction....Hope people had booked all longs ...as markets were overbought and waiting to react..where does it go from here..settlement will be volatile stay with the trend..enjoy the day..cheers.

UPBEAT ALL OVER

Well markets done the unthinkable, gave a stupendous rally in total disbelief..what a change in sentiment in 2 weeks time..So what next..Time to get serious..book your profits around todays open ( 2970-80) or a little higher at maybe 3020 zone..We have moved into overbought zone so be prepared for some profit taking, buy in good dips..( This is a typical bear market rally)...remember we will be 450-500 points up in Nifty in this rally. suports lie in 2880 and deeper at 2840 zone ..enjoy the day..cheers..