FORGING AHEAD

Markets opened with a rush but kept selling off the whole day to rise again ..Global cues is what it will seek now as it is stretched quite a bit..Retail/ small traders would and should be sitting on the side waiting for a good dip only to get in...What a rally so far, 2539 to 3303....( and this is a bear market)..anyhow enjoy the day & the holiday..cheers..

TRUNCATED WEEK AHEAD

Markts have surprised all by huge gap up leaps it has taken , driving markets away from major resistances. 3150 will be area to watch this week 3330 on the higher side, though being a truncated week , care should be taken in trades...Technically i feel most charts are in overbought zone and reaction from 3300-3400 resistances zones can be fast & furious.. As at bottoms buying was recommended for traders/small investors..with this 4 weeks rally, prices are not favorable for longs at this levels , as far as risk reward is concerned.Stay on the sidelines for a buy in good dip policy ..Let the big players play this out..enjoy the day..cheers.