EVEN STEVENS

Markets just about went from BEAR to BULLS a few times in the day today , giving ample opportunities to technical intraday traders to trade well ..Now 3700-20, is a supply area to watch ( dont be short above this)and deeper down 3520 as some sort of support area..Wait for a good dip to get in, otherwise do intraday trade only..we may soon be entering a turning point time zone , trade carefully hereon..cheers

RESISTANCE AREA

Markets have just about gone rising beyond anyones expectation , primarily on good funds chasing the momentum and taking it higher everytime it was felt that markets are stalling & a good correction is due where many people would like to get in...3720-3780 is a very strong resistance and supply zone.lower below 3520-3550 is a good support zone.The event ahead is the the STRESS TEST THIS WEEKEND..( even slight bad news is driving the markets up these days)..Trade with caution and intraday and keep booking your trading profits...Long term investments can wait for sometime to get in with a good correction..enjoy the day..