RETREATING BULLS

Markets gapped down and the bears just butchered the bulls who thought yesterday that we are consolidating or plain buy in dips policy...(and will move up definitely today)...i feel here people should spend some time on learning technicals/ charting ,it helps.... the market immedietly hit our lower target of 4345 and INSIDE DAY gave the direction which was down..we are at the shoulder support of 4364-68, not much support came from the institutons as all rallies during the day were getting sold out like yesterday..do we break down and move towards the head at 4201 or drift lower or take support here and move up again..lets ponder on that over the weekend..anyone visiting NIFTYSPOTTER would be happy that the weekly technicals for NF were 4511-4324 ..NF moved to 4441-4544 and then back to 4441- 4326..hope people were able to trade this ..enjoy your weekend friends ...cheers

BLOODY REVERSAL AGAIN..

Markets gave a indication of what is in store , when it gapped down , made a INSIDE DAY , midcaps/small caps flew all around..and index stocks just did nothing..those NOT FOLLOWING CHARTS/FUNDAMENTALS would have taken this as consolidation/buy in dip oppurtunity and would be caught in buy positions...MARKETS will hit the support line of 4364-68 and chart its path from there..DONT BE IN A HURRY TO BUY..as despite weaker crude thereis softness all over the globe.. lets see how todays drama unfolds..pls. do remember my magic areas of 4345 & 4304 deeper down..(all those shorts who covered would be left wondering today...thats markets friends..) happy trading and cheers
WOULD LIKE TO THANK ALL MY GURUS TODAY FOR THE WISDOM THEY GAVE ME..HAPPY TEACHERS DAY.