ROLLER COASTER

Markets doing what is expected, huge volitality and a great roller coaster ride ..Slowly this market is becoming Savvy traders market as it moves up/down so suddenly that takes ones breath away..Anyhow coming to the techs..The whole day was spent below the 3400 levels and a late surge to touch 11000 sensex and subsequent very fast unwinding has revealed nothing about the markets move except that players are nervous and despite momemtum are ready to unwind positions quickly..Area to watch again will be 3400-3450 zone or 200 DMA enjoy the holiday..cheers..

WEEK AHEAD

Markets are poised at a crucial juncture ralling so much for the last 5 weeks..There are strong resistances in 3400-3450 zone.. over which 3522 is a very strong supply zone..Major indictors are giving negative divergences in intraday/daily charts..There is huge talk of markets galloping upto 3700-3800 ..Care should be taken in judgement on such lofty targets, Nimble traders can trade well on both sides intraday and BREAK of 3310 NF this week could take the markets all the way down to 3200 or lower zone. will try to post some charts later on path ahead..enjoy the day cheers.