Has anything changed .... Well The Life of Japan and the People Have changed .....
Today the set up looks like more to me as a trap. The market may only tell us the further direction. If we look back to May 2010 The day when Dow closed 600 points down .. the next day we followed by a rally of almost 150 points in NF just to land a 400 points down at expiry. The same happened today. Nothing has changed so far.Bears are just waiting to attact when they confront the last Bulls that are hiding..
For tomorrow 5575 is a real hurdle to cross above which again we may see a sharp move till 5620 . On the contrary below 5545 we would be definitely visiting 5485 and much lower.
Still the SL of 5620-5720 for positional shorts is valid. No change in it
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