PROFIT TAKING

Markets just about did nothing at open , and profit taking set in, open to close was a huge way down...is it a reversal day..lets see how it unfolds in the next few days week..all sectors got steam rolled today...Had advised in morning also that stay away , take a break....what more to say..Shorts rocked today...markets just easing the overbought positions..wont finish in a hurry..maybe its just started...My advise still is dont get sucked into this rally now..keep strict SL for longs.enjoy the day..cheers..

SMALL DIPS/BIG MOVES UP

Markets just about refuse to take a breather , this whole rally has not given more than 2-3 days correction at a time and has rallied real hard. Think most small /retail investors sold out their positions or took this rally for exit in positions stuck long back, leaving nothing to trade with from last 200 points or so..So please dont get stuck here again at these highs as this is a typical Smart money driven markets today who can reverse and turn as fast as they enter..Take a break..Only savvy traders trade this out..There will be a correction for sure , but from where it is uncertain in this momentum as all tech. Levels just getting broken daily..cheers.