yes milind, you are right. his views not clear. below 18975 what happens?
first the set up.....
uptrend starts : 21 AUG@ 13989 CLOSE.
entry generated :24AUG @14425 CLOSE.
current status :HOLD.
trend rev :CLOSE BELOW 18975.
now this is the orignal technical setup by bulls which remains validated even 2day....
now 2 ur confusion.....what if sensex closes below this level????
2 possibilities.....xpect further sharper falls due 2 f&o unwinding by injured bulls.....or
if....the sensex does not sustain below this level for couple of days....bulls might again attempt to restore the derailed train....for this scenario...v will have a stop for bears also .....
these r just arrows in the dark...
for now ....18975 is very imp for bulls 2 remain in the game..