BOUNCE BACK

Markets took support where they should have at 5000-4990 zone and gave a bounce back..If global cues are positive tonite from US etc then we may rush up on open tomorrow..The range 5000-5200 has worked well again..Good day for long side trades ..watch 5080-5100 closely , only cross & close above this takes us up again..Hope ppl. visiting are enjoying the technicals and trading tips that I give here on daily basis..enjoy the day ..cheers.

PS: I would request all who are visiting my blog regularly to kindly send me a mail about the same at bhrajan@gmail.com. There could be some changes from 1st january 2010 in the blog setup and technical levels , commentary..

SOFT CUES

Markets all over are soft to negative..our supports lie in zone of 5000 & deeper down at 4930...Now we are at the bottom of the range of 5000-5200..Markets can halt and bounce a bit from the support zones..Trade accordingly..(Buy in DIP- Sell on RISE Works again)..Patiance pays..along with technical knowledge..enjoy the day cheers.

PS: Its been my belief that ppl. who make maximum noise in forums & chat rooms trade the least and lack confidence..they should spend the time learning & trading.