Cast Away

The Gap up of 3% yesterday looked like the Tom Hans as a Bear in a far away Land.

Well that was just the former later the bears had the punch no to take the bulls much higher.Usually such Gaps do not give any opportunity for an intraday trade but still if somebody had spotted the negative divergence and weakness at 4935 --- it was a cake walk of 60 points.

Come Monday and sell off  is expected. How Much only the Bears Know. Forget 4977 Even 4940 was a China wall to conquer by the bulls.The fort at present is under the tight grip of bear territory.


4770 - 4940 was the range on Friday. Any Side opening out side the range or a break out side the range will give a minimum of 80-90 points. Keep an eye on it.

Short on rallies the SL is the same 4977 Spot on closing basis.

Re-Alignment

Today's case is nothing but just Realignment of oversold conditions.

No Change in the trade setup as of now.Today also it was a case of false break out above 4820 to entice bulls and trap them -- Later we saw them butchered ruthlessly.Bears are always Fast and Furious. An indication given again today also.

Stay Short only the target awaits SL 4977 on closing basis.

What Next

Technology is a Boon at the same time curse.

Since Yesterday BSNL is making me go nuts . Sorry for not posting Yesterday.

The Performance of the bears have been marvelous till date. Target of 4720 Done today . Nothing much can be expected a decent 300 points in 3 days.

Remain short targets remain still the same Lower SL to now 4840 or 4880.

Obssesions & Possessions

It can be the End or the Beginning.

The Market Place is A Dynamic Dice -- I may not even give u a chance to apologize. Many times i have exerted the Importance of 5197 Levels, Never underestimate the bears and that too when we are in deep Bear Territory. With the German vote of confidence... The whole world was running for longs as if there is not going to be any tomorrow . What happened later --- "Do i need to Explain".

The Same happened on Friday --- For a Meager Rally of 100-200 points never panic. The Ultimate Bear Short of the Year is Pending may be October or November. 

For Monday Resistance lies at 4995 and 5034. Supports exists at 4880 and deep below it at 4812.

Remain short till we dont get a Close above 5034 ... Targets are 4720 - 4623 - 4550 - 4050.