SHAKING THE WEAK HANDS

Markets again & again are shaking the weak hands by giving volatile swings intraday...Whats important to observe is that intra day markets have been taking support on every fall around 100 EMA levels for last many days & then does a nice bounce back. We should take it that any close below this MA , will not augur well for bulls and some serious profit taking may set in then..enjoy the weekend...cheers.

STRESS TEST GONE

Slowly all events are off, global cues discounting all bad news, with retail & many ,the left over feeling very overpowering right now itching to get in somehow , Time for distribution in the next 150-200 points by strong hands as no more cues left forward except plain simple MOMENTUM OR MONEY ..( our own election results round the corner next weekend..)..So what should one do..play the dips & tops , play light and wait watch for the next few Days Markets will definitely do the surprise act..enjoy the day..cheers..