WHAT A VOLATILE DAY

Huge fall and then the recovery and what a spectacular rally then over yeterdays close..close above the last high 3303 favours the Bulls and that means Big Bears have thrown the towel for the time being and covered their shorts..Markets again moved into overbought territory and PCR too going into one sided mode..3390-3430 is a area to watch now on the upside and 3270 becomes now the stop loss for longs..( the good dips it seems are not coming for a good buy and markets just creeping up) i will still say wait for a good correction to get into the market.. this volatile market is not for small traders/investors ..enjoy the day cheers..

WEAKNESS ALL OVER

Global cues are really soft on profit taking...If friends had read my post on monday , I had been advising of this sudden turn from these area..( our shorts & puts of monday will rock on open today)... 3150 is a small support zone ,but markets can drift to 3035-3060 zones below this area..lets see how it unfolds in the next few days as all SMART MONEY should be in good profits due to this 4 weeks rally and Friday/ Monday were typical distribution days..enjoy the day..cheers.