WEAKNESS GALORE

Markets opened weak, recovered and then gave up all gains to hit lows at 4200. Asia/Europe was trading positive..we are at critical support at 4200 break of which can take it straight to 4160 & 4110. Todays main culprits if any are RIL & INFY(vertically down and then a general sell out as traders pressed the SHORT buttonsin late trade. Those who held back their purchases or did not do bottom fishing may find good value next week as markets despite dip is really oversold and can give a good bounce back too. be careful of shorts specially if we open DOWN..wait for a corrective rise before planning any further shorts ..Seems financial problems world over are still raising their ugly heads and institutional buyers are unloading their profitable positions all over, equity or commodityor anything , to take care of pressing needs or preparing for future skeletons which still are in the closet..enjoy your weekend..cheers