SWINGING DAY

Markets gave the typical swinging whack, moved in one direction to deceive the baby bulls & then gave the royal whack....shorts got covered in a hurry on the rise and then the longs got covered as the fall was fast and furious...4400 zone seems to lend some support as of now ..lets say that 4350-4550 is the range, break out / in over these levels..will determine the short term trend..enjoy the day cheers..

FLAT CUES

Markets are flat and can move in a tight range..we are in a overbought zone and doing small corrections there and then moving up again...4410 seems to be a support right now with 4510 as resistance.. a move will come after break of these levels..Trade in the direction and with care ..cheers.