RESILIANT MARKETS

Markets just about opened down and took support at 4570 zone..to bounce back to resistance area of 4640 around.....4550-4650-4750 will be a trade zone, in case 4600 is held in close in the coming days..Close below 4600 does not augur well for the markets....so take trades accordingly..cheers..

SOFT AGAIN

Hope Friends visiting this blog would have booked at top of the range their longs & must be relieved and smiling seeing the softness all around..we broke the 4630-40 support in close yesterday , which meant that there is further weakness and that the shorts will again pay on opening the next day....4560-70 is a support failing which supports lie deep down..Care should be taken in Trades and my advise is to trade the DIRECTION & not the EMOTION..Resistance now is 4630-40....enjoy the trade..Cheers.