DAY TRADING

As mentined in the morning markets will consolidate to seek the direction moving both ways when uncertainity is there..( Thus it made a INSIDE DAY )Day trading was the call today and it worked both ways for technical traders..Good profits for swing traders..we are in 5000-5080 zone..lets see which side breaks first..enjoy the day cheers.

CONSOLIDATION

Markets will like to spend time to consolidate here or at lower levels to look for the next move. Considerable OI build up came up yesterday in 5100-5200 calls so thats the immediete resistance and shedding took place in 4900-5000 puts so a slip below 5000 is also possible till 4930-50 zone..Be patiant wait for markets to consolidate to commit resources, better still be a day trader for a few days ..enjoy the day cheers.