Mar 23, 2011

"Doubt is not an agreeable condition, but certainty is surely an absurd one."
This is what is happening now. After the Morning Storm.Things Got settled at the Peak.Much of the short covering happened today.Is the bearishness over or still we would see 5350 - 5357 ???.
For tomorrow Keep 5530-5540 as strict SL for intraday shorts.As such we are near the channel top so shorting can be done for quick gains.On the contrary now much bearishness will be visible on close below 5440 NF.
For positional shorts also keep a SL of 5531 or 5620.
 

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