Can we have Peace

The Title Speaks in Itself ... Both the Bulls and Bears seems to have agreed on some kind of arrangement.


Range Bound Moves continues. Today's Rally comes amid high inflation --- seems like market already knows the RBI action and the Prices are Reflecting the Same.This Up move is quite different and comes at a time when the diaspora is bearish and today market has done exactly the opposite. I was too lured to short the market at lower levels knowing that this is a range bound market. Thanks to SL .... Has anything changed ---Definitely for the bears it is a night mare as the last up leg is pending in Nifty and may be this can be the last leg.

• Contrary still we are below 5066 and that may provide some respite to bears.  As of now looks like we are heading again to 5180 -5258.
• I am a perrineal Bear and will be but prizes are at present bullish and showing some extreme bullishness. 
• Resistance for the up moves are 5042 5066 5123 5197. Supports lie at 4977 and 4911.
• For Positional traders consider bearish below 4900 and bullish above 5170. Till then Trade.

I would advise to stay away form market till a clear trend emerges and for die hard traders like me i would love making mistakes and learning from it.