BLACK FRIDAY

It looks as if the stock markets performance script is well written for everyweekend , that there will be a good fall on friday so that any and everyone will spend the weekend in misery to find an ans. for this mad mayhem. This is a true picture of the Real bear market which has finally unfurled from 24th september..So today we finally wiped out all recovery again of yesterday and fell to lower depths.. this is whats been happening from the last few days/ weeks..All around all gains of the day were lost in the indexes world over.lets see over the weekend as to what to do now..think best is to not think about the markets and just chill...cheers..

WHAT NEXT

I had written a few days back that we have a target of 3140-50 or lower at 3100, where we may tend to take support, we met that target yesterday and bounced back smartly from there.. Severe capitulation has taken place in small/mid cap shares and many index stalwarts have also not been spared.If this low holds the correction which started from 4649 should come to a end. The next few days will tell, as any upmove does not survive more than 2-3 days. US markets last night gave a BULLISH reversal pattern( recovered all losses and closed in huge positive). Nearer home support of 3240-3225 should hold failing which we may retest the lows..Resistance to the upmove will be 3350-3500 for the time being..Our markets may trade flat to positive before it charts its course.Trade carefully ..cheers