JERKING DAY

Markets gave today the typical JERK...move up followed by quick move in the oppposite direction..Catching the baby bulls on the wrong foot..The huge fall was due to heavy stoplosses being triggered on longs..( Intraday charts had warned of the resistance & to exit longs with a clear sell signal )the RANGE given 4630-4730 is proving to be quite a handful..It tripped from about 4730 zone till the support zone which also got breached ..trade with care in days ahead and let the markets show their will & direction....enjoy the day cheers.

MOVING AHEAD

Markets after weakness seem to be moving ahead in Asia, but still range bound..Trade in the direction as 4740 again can offer resistance..supports now lie in 4630-40 zone..enjoy the day cheers.