ROLLER COASTER DAY

Markets just about roller coastered everyone..Anyone w/o charts or technicals would have been jerked hard both ways..4600 zone held and as the ATP of nifty was so near the Bulls just took the initiative from the Bears and caught them in shorts..triggering widespread short covering..4800-4850 now is a target area provided we remain over 4730..enjoy the day.. cheers

MOVING AHEAD

After a spectacular rally back yesterday , markets may be a little soft due to a profit taking of this rise & global cues. 4500-4600 zone appears to be the support zone as of now based on OI data for a ride to 4800-4850 zone ....keep booking profits in what you bought as we go up & buy the good dips and keep a strict SL as any slippage below 4600 could lead to 4400 levels or below very fast .enjoy the day... cheers