UNWINDING & PROFIT BOOKING

Had written in the morning that if we dont go up ,we will trash fast & furious..despite of calls of 5100-5150..settlement ,markets just about stayed near 5000 , breaking it in the end to rattle the bullish expectations for settlement...Supports lie in 4930 zone and resistance around 5020 zone..Trade accordingly..Last few days have been good, trading wise in the swing trades..enjoy the day cheers.

FLAT CUES

Markets are flat all over..hope visitors to this blog are posting profits in their longs..Technically when markets dont get cues to go up it unwinds fast & furious to lighten up for any further upmove..watch 4990-5000 zone carefully in the coming days for such a move ..going Ahead 5075 zone is a critical area from 2007 rally break out & support ...Only beyond that will we attempt the ISLAND ZONE formed in early 2008..enjoy the day cheers..