DEFYING ALL TECHNICALS.

Markets reacted to global weakness and who could have predicted todays closing near 3500 with a open at 3311...every dip is being bought and we are slowly moving to 3522 zone. Bear in mind that markets have overcome every level of resistance till now. closing over 200dma is a strong message bulls have left today..Still stay away and let this ride over, better sense says wait for a good dip to get in..cheers.

DAYS AHEAD

Five weeks of rally put a high of 3417 on Monday,..3430-50 is still a supply zone over which 3522 becomes a very stiff resistance.. Result season kicks off with INFOSYS today ..Watch 3310-30 zone for weakness..Markets will be volatile in the coming days ,small traders /investors should wait for good dips to get in as this rally is overtly overextended.enjoy the day..cheers.