REACTION AGAIN

Selling was tad overdone yesterdayso the markets just about crawled up the whole day but reacted at EOD from the 3050 zone , which i had mentioned in the morning..Shorts at that level payed rich dividends again in a short time..March closing is also over today for the NAV related propup.. Its truncated week ahead so maybe nothing much we can expect from the market this week..trade light & in direction..enjoy the day ..cheers

SIDEWAYS NOW

Markets unwinded heavily yesterday, maybe trapping the long rollovers..Being the last day of the financial year some propping up maybe in place for NAVs..3050 area will be a watch zone for any pullback. A few closes above that will run up this rally more.otherwise we could be in a sideways mode for a few days before it makes a move again...supports lie in 2930-2880 zone on the lower side..Trade accordingly..cheers..