Swing reversal ?? ?? ???

Markets had a swing reversal at nifty 3240 range and closed at nifty 2995 a -5%. One might have taken some thing to down side. O K. One point is that our operators have taken the markets to the exact resistance level to the event of US Pres election result and reversed the positions. Otherwise why that much of speed in the relief rally? O K. As a trader every thing is not necessary except the catching of swing reversal.

If we consider the swing reversal of markets from 2250 to 3250 a 1000 points rally in nifty which may retrace back 1/3 or 1/2 or 2/3. that is all. Exact values are noted in the chart. Try to observe caution at the levels and book profits accordingly.

FII s are not on down side as of now. Hence, we may not expect to brake the bottom in this month. One has to check for call buying on some day and markets may be in the range bound and this settlement may finish at 3000 +/- 200 points.
SUPPORT LEVELS 2860 -2750 -2630 where one has to check and book profits on shorts and go for calls may be 3200 but markets may not cross this level. Only for trading.