KNOCKOUT DAY

Bulls just about knocked the wind out of Bears today..Pity guys who are trapped in shorts down below as we are just climbing up the whole today ..So the range 4400-4500 now has broken 100 points on the upper side..i will prefer Caution ahead as we may be heading towards key resistance zones soon..enjoy the day.wishing all of you a very happy janashtami ...cheers..

GREEN GLOBALLY

SGX nifty is in line with global cues and we may move towards weekly S/R of 4560..Yesterdays sudden dip looks to be a classic trap for BABY BEARS..from where the markets just ran away..We broke the 4400-4500 range by app. 50 points downwards, now we could do 50 points up..Try to book your deliveries /longs as we climb up..enjoy the day ..cheers