RANGE BOUND

Hope friends visiting the blog enjoyed the range given in the morning for intraday trades...3540-3620..Again the volitality is providing ample opportunities for technical traders to trade both sides of this volitality..The range given for the week is still holding good..do always remember that we are OVERBOUGHT & this rally from 2539 has given no correction so far , unwinding has to be come one of these days, so keep booking profits if momentum/ money keep taking the markets up......enjoy the day ..cheers.

GLOBAL PROFIT TAKING

Ahead of our weekend event of RESULTS, profit taking set in yesterday despite huge volitality..Markets will open down as suggested by SGX nifty , care should be taken in the sudden dips & try to be on the right side of the trade ...3520-40 zone may provide some support for a bounce back to 3600-3620 area & below that is 3480 area..Trade light & in direction for next TWO days to let the event pass...Volitality will be there on either side..cheers..