What i feel now is ... the time starts for sell on every rise till it do not closes above 5050. and unlike last time (when dubai crisis came) this time nifty is breaking with distribution. that is; it is covering all levels. not opening some 50-100 point down. slow and steady breaking. so according to me it is bearish market in all probability.
And ... i guess everybody is fearful of playing short due to recent resurgent in market. if that is true then it is bear market for sure .....
2 comments:
oh .. ,Great observaton .. and useful one !
My Observation :For .. Sell... VOltas (cmp162),Unitech (CMP 80),IDBI (cmp 123) looks good..
. . . . Where for BUYing Elder pharma (Target 340,CMP 299)and ,Cipla,Ajonta Pharma (Cmp 117 Buy above 121) looks good pl. do post u r comment on this Observation. Thank you,Joshi D.H.
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