FLAT DAY

Markets did just about nothing and the discount in the NF was still there at close..( not a good sign going ahead..)..Nifty Spot touched a technical target of 5110 in open.., now only cross close above this will augur bullishness going ahead , failing which below 5080 zone we may sell off to seek supports down below...DONT THINK MUCH about the Markets ,, it wont go anywhere.., enjoy the long weekend..cheers.

MONTHLY TECHNICALS

The month of OCTOBER starts on a high note..highest for this year...So whats this months range and expectation..4900 is S/R of this month...The range could be 5250-4750 inner range..The outer range much higher..Trade the range to start with & then see how global cues show their hands..enjoy the day & the holidays ahead..cheers..