d iip DATA is just an xcuse....mkts will always take their course where d hav decided & not wat d news decides....in other words wat v hear 2day may already b priced in d trend.
now coming back 2 ur query....v r in a downtrend frm nov 2010 highs...d rapid fire rise which seemed as a come back for bulls was a mere pullback or a sideways mov which i hav been maintaining here.....downtrend will acelerate wen dis SIDEWAYS muv again turns DOWN....which of 2day eod has not changed.