VOLATILE DAY

Markets just about took support at 3300 zone again and bounced back , making a lower top for the 3rd day, then giving up the gains..closing almost around the same zone for the 4th day in a row...Neither the gains nor the losses are of any consequence in last few days..its closing now below 3400 also..the range is being set slowly in 3100-3700 with 3400 as the S/R..enjoy the day..cheers.

GLOBAL SOFTNESS

Six weeks of continuos rise and the last few days of distribution finally seems to be giving way to profit taking globally and we too should be reacting to this. Had been writing before too that profits should be taken and to wait for good corrections to get in. BE PATIANT. 3410 zone will remain S/R of this week and below 3320-30 supports lie in 3260..Trade ccordingly.cheers.