JERKING DAY

Markets pleased to deceive..trapping the Baby Bulls ...The fall was hard , straight , unrelenting due to continuous triggering of the Stop Losses..Technical Chartists would have seen huge Negative divergence in Intraday Charts ..and after booking longs would have gone short or bought puts..Frankly this Quantum of fall was not expected..( 180 points Nf) ..weekly S/R got broken ..supports lie deeper at 4500 around zone..lets see how the global markets react tonite..enjoy the day cheers..

SOFT CUES

Markets globally are soft, either consolidating or just waiting for some cue to take the next move..4630-4730 is the range as of now..break of this zone can take us at least 100 points quickly either way..enjoy the day cheers