VOLATILE TRADE

markets moved in a volatile way , both ways giving nimble traders gains either way.Todays rise up was on the gains of RIL, kept going up-up..What happens when RIL unwinds..????? any guesses...markets never broke yesterdays low 2914.50 or the top of 3017.40( making a inside day ) and now is going up to test the tops or maybe move over that .... what is to be seen is how /where markets move after the settlement , that will set the short term trend..we are overbought and thats something we cannot deny ..trade light in the direction for tomorrow....enjoy the day ..Cheers.

SETTLEMENT BLUES

Markets made massive moves in last 2 days surprising many with it ferocity either way..These are typical BEAR market moves. We are in the settlement week , and there could be volatality in next two days.. 2930-2880 provides some support to the nifty and 2980-90 resistance. Any rise again to the top will bring sellers now..trade light and buy in good dips..cheers.