Who will tame the Bears

Is it the Beginning of Blood Shed .......

Well day before yesterday I was talking about how far can a single bull hold the market . And Reliance did exactly the same.All Events in order . Can we expect a down freeze on Tuesday ???? The action today confirmed the bearishness started yesterday.Today after the morning Gap Up it was no looking back Seller again at the top this time its 5489. Much action to come next week as we are nearing Expiry.On the Global Front after the Japan Disaster looked a little bit cooled off Again the Libya Problems have resurfaced setting the Crude again on fire. Friend With crude again above $100 Our market is sure to react on Monday too.

For Monday the resistance lies at 5430 NF above which again a quick dash to 5465 region can happen .On the contrary below 5370 NF Panic would take NF to 5310-5320 Range where buying can be done with Strict SL of 5280. The reason for buying in bearish market is that at 5310-5320 NF may bounce just to correct the oversold condition on daily basis.So Buying only for intraday and no carry forward.

It is said that much of the money has been made in a bear market and again the opportunity is knocking at the door. Identify it >>> Capitalize it >>>Monetize it.


Lastly Wishing you Happy Holi and Also a Life ahead full of colors