SPECTACULAR RALLY

Markets just about discounted every thing..(FII selling , bad moonsoon etc etc ) to move slowly but surely from supports of 4250 zone ..to the resistance zone of 4405-4450..with supports now at 4350 and 4290.. 4290 is turning out to be the key area for short term traders to trade..Shorts did get caught today , and their covering kept taking markets higher...Very interesting turn now ..we are close to last months close of 4446 and 2 days trading still left..enjoy the weekend..cheers

NEW SERIES

June series closed on a negative note..FIIs still net sellers everyday..Every rise is being sold into now..For today range..look for 4280-4290 on the higher side and 4220-4200 on the lower side ..Markets may move in a narrow range before they make a move..use 4250 as S/R..enjoy the day cheers..