Cat on the wall

Again our market started behaving on a sluggish manner. But it is trying to indicate us something and buying emerging in every possible dip. It is contradictory to my view. Reliance industries to post the result on friday and ICICI on saturday. These two major result will provide us a clear direction. Untill then limit your trade to half of your usual trading volume.

Those who hold short positions can cover as soon as possible with limited loss or profit. Today if RIL breaks 1994 then it may fall up to 1952 level. Nifty yesterday failed to cross it's previous day high. Today's trading range will be between 4414 to 4523. Break on either side will provide us a direction.

A day without loss itself is a greater profit. So safe traders please avoide this week.