Patience Pays ...
As expected after the initial up/down finally the break down happened. It was an easy short trade as NS was not able to scale the highs of the morning. Infosys though was up It failed to cheer up the Bulls.Tomorrow market may retrace till 8560 - 8580 spot again to get shorted. If you get NS near 8520 - 8480 Buy for intra-day with SL of 8440 - targets 8560 -8580. Short here and lower SL to 8660.
Stay short for target of 8420 - 8380 - 8260.
On the stock futures front Arvind and Ceat - SL got trigerred -- All-most all the stocks were brutally battered barring a few. SL would have saved you .
Lastly
Market's wont stay down for an extended period of time because too many people want/need it to.
Have a Great Day ! ! !
As expected after the initial up/down finally the break down happened. It was an easy short trade as NS was not able to scale the highs of the morning. Infosys though was up It failed to cheer up the Bulls.Tomorrow market may retrace till 8560 - 8580 spot again to get shorted. If you get NS near 8520 - 8480 Buy for intra-day with SL of 8440 - targets 8560 -8580. Short here and lower SL to 8660.
Stay short for target of 8420 - 8380 - 8260.
On the stock futures front Arvind and Ceat - SL got trigerred -- All-most all the stocks were brutally battered barring a few. SL would have saved you .
Lastly
Market's wont stay down for an extended period of time because too many people want/need it to.
Have a Great Day ! ! !
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