PROFIT TAKING CONTINUES

Despite huge bullish sentiments , some sobering effect should have come with todays soft trade/ profit taking again..Breach and close below 4200 will augur more profit taking and take markets to much lower levels....Well thats markets , Has to correct the abberation(mondays, NF down 420 points from there..)before moving ahead.....Anyhow still trade the range and the buy in good dip policy for the time being..enjoy the day ..Cheers..

SOFT CUES

Markets world over are soft and in India DII/FII have locked in profits ..Lets see what is the floor level now acceptable for the market participants.Markets are overrated on this move up and some bad news can trip it..Levels etc have no meaning right now , as Mid/Small caps flying around on catchup game. Caution should be taken & patiance will pay in the long run..Believe in the technicals and charts and play accordingly( levels for play already given and in this consolidation phase it will be same)..cheers..