Friday, November 27, 2009

UNSETTLEMENT DAY

Yesterday became a UNSETTLEMENT DAY on a SETTLEMENT DAY..due to DUBAI factor as being flashed all over..The fact is 5130-40 zone had to be crossed and close above for markets to move ahead..The hesitancy was obvious & Yesterday it got the trigger to unwind , making many expert stalwarts propagating bullishness vanish..( they will hibernate now) The policy of sell the rise and buy the dips holds good once again..Yesterdays mayhem has done a structural damage to the market..It will take a few days to work out whether this halts around 4850 zone or goes deeper..A small bounce can be expected when we gap down today from the oversold zones..(avoid shorts here)..enjoy the day cheers.

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