Monday, September 15, 2008

BULLS/CALFs ALL BLOODIED

No place to hide today , nifty plunged breaking all supports of 4160-4070 in opening and then did take support at the 3970-90 zone as mentioned by me in the morning..and made a smart recovery thereon when everything looked so gloomy ( even rumours of 10% lower circuit) LOLz..looked like big short covering there in a hurry as they were in huge profits and such a deep fall came after ages.. REMEMBER , had warned the Bears are just lurking around and will pounce hard on any weakness. All friends who took my advise of NO BOTTOM FISHING would have fished well today for very quick gains and some delivery deals..Lehman provided the clue and the party started.We have 3920 zone as a very strong support area, deeper down it is 3845 , which should give respite to the bulls. lets see how tonite unfolds in the US , what with Lehman and markets in a spiral down..its going to be interesting to see what action fed. takes.. THE MARKET TODAY REWARDED BOTH THE BRAVE BEARS/ BULLS. The good news today was CRUDE went BELOW $97.. lets relax and enjoy the profits today, guys the day was a traders dream...CHEERS.

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