THE BEAR & THE BULL

The story of the bear and bull for our market is as follows...After months of feeding on the bulls our Bear became old & lethargic at 2550 area..By then a new breed of young Bulls came to play..Despite of the chase the old Bears gave, the younger bulls just kept running away and when More Younger bulls joined them , the herd just ran harder from 2960 area..the poor old bear just gave up& faded away ..
Now these Bulls have been running for some time are getting tired & fat with profits and a new Breed of Bears is lurking around wanting to feed again sometime soon..3430-3500 zone has lots of walls which become difficult for the tired bulls to cross and they can become easy prey to the young energetic Bear..
Timing the cycle is the key to stock market success. enjoy the long weekend ..cheers.

THE RETRACEMENT PATH OF OUR MARKET

I am putting this chart for all friends visiting here so as they get a clear picture of path taken by the market so far & ahead.This market was moving in the range of 3147-2539 from Jan. to March.The retracement of this range carries us back to 3147 and above that it can go to 3522 which is 1.618% retracement.Markets are in a trending mode , and smart money moved in to take the market up/beyond 3147 aggresively with a gap up.The rally will be 21 days old today. We are in the reaction zones again as we climb up. Care should be taken for investments here preferably wait for a good dip.., but for technical & smart traders ample swing trading opportunities are available for trades both ways. Hope the post helps all for some cues on the resistances and direction..enjoy the day & the long weekend..cheers.