SHORTS WERE OVERDONE

Despite of huge calls last evening/night & today morning of impeding sellout ..Markets once again just did the opposite , in the process giving a huge whack to short sellers....Again i feel too much noise is created for nothing....I wonder many times that do these guys really trade..????? ..(had tried to point out in the morning post today to keep emotions out of trading room & then trade ) what happens tomorrow who knows... but markets clearly gave the upwards path right from the start today , & that should be good enough for any trader worth his salt to make money..rather than do the opposite due to the NOISE..thnk abt it ..Anyhow todays retracement must have helped a lot of trapped bulls unwind their positions..4509 again emerges as a resistance zone..4390 as a support zone.. listen only to market music my friends....enjoy the day ..cheers..

MARKETS AHEAD

Markets globally are still soft..Is this the start of the long awaited correction, well the days ahead only can tell..In case this is the start of the correction the final supports are way down and there is no point discussing them as they will arrive in time only..As of now the temporary support levels are near & a bounce back can be expected....Where to we retract to will define the path ahead for the markets..Be patiant dont get carried away as markets tend to whack/punish the exuberants..Trade with care in the coming days by leaving your heart out of the trading room...enjoy the day cheers..