PROFIT TAKING AGAIN

Markets remain in volatile mode...seems smart money enjoying the premium of sold of options in 4900-5100 range by keeping markets in the same range or smaller.. Markets reacted from the levels mentioned in my morning post of 5090 and took supports below 4990 range..Range traders could take trades..Post market announcement of RIL bonus will have its effect tomorrow on opening..lets see how trades go..enjoy the day cheers.

POSITIVE DAY

Markets after the huge 2 way move of yesterday may open a bit up and then just about consolidate for further moves..5090-5110 is the watch area on highs and 5000-5005 area is support zone..ALL LONGS should be avoided below 4990 from now on..enjoy the day cheers.