Friday, July 31, 2009

ROCKING STILL

Markets after a good move yesterday, just about gapped up and moved towards the old highs..Sudden unwinding must have unnerved the participants specially after it did not cross the highs of the days after struggling for a while ,,,July ends on a good note and August could be a different ballgame...., no point breaking ones head on levels etc ..best is to enjoy the weekend.. cheers..

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NEW SERIES

Seems after knocking the breadth out in the last 2 days , the new series is starting today with a good thumbs up as per global cues available , crossing the barrier if 4600-4610 with momentum which it picked from below..Shorts of last 2 days trapped for the time being..Wait for a dip to get in, in case it holds,,markets now may be heading now for 4700 and above if they close over 4600 for a few days..enjoy the day cheers.