An Important message:

While the charts are still holding to long trades in the prevailing bullish trend. Our trend rating system has given a sell call on the closing bar today. When both rating and the charts are not in sync, the market tends to give jerky moves. Our trend long position has to be closed below 5315 on futures. This would render booking profit of 280 points in our long position.

With all the global markets closing weak except China & as of this writing the US markets are trading with marginal gains but with an ultimate death of strength. This call is triggered only if the said level gets breached. Incase the market jumps up on the first hour with out the breach of low; we will need further confirmation after such move.

TRADERS HOLDING LONG POSITION ON THE TREND SYSTEM NEED TO CLOSE THEIR POSITION BELOW 5315 ON FUTURES.