BULLS TRAP

Markets were quite over bought through the last few days and layed a typical bulls trap for baby bulls on friday, gapping down today , inviting buying in dip, till it broke and came close to our levels of 2980-90 levels..Had written in morning to keep 3050 as S/R of this week..we are trading well below that, and now break of todays low will take us to 2920 zone if global cues tonite are not supportive..( we closed the day with handsome profits of the shorts /puts initiated on friday /today),,,enjoy the day..CHEERS..

WEEK AHEAD

Markets rocketed up last week surprising all beyond technicals too..thats stock markets for us my friends.. so whats up for this week..3050 take as S/R for this week, The range will depend on what kind of unwinding this overbought markets give..watch 2980- 3150 to start with..enjoy the day/week ....cheers..