Wednesday, April 22, 2009

RANGE BOUND STILL

Markets still moving in 3400-3300 zone , making lower highs/lows..closing in the negative today. Serious selling still not emerging and intraday dips still bought into..Caution from now onwards for any close below 3300 will trigger massive unwinding of longs & long awaited correction will set in..close above 3400 now can maybe resume the journey up..enjoy the day cheers.

STUCK MARKETS

Markets just about doing nothing , closing at same area after the whole day of volitality.its becoming like a buy in intraday dip and sell on intraday rise..This routine is going to break soon , which side cant say...watch 3300 at bottom and 3450 at top for some cue..enjoy the day cheers.