Nothing much going to happen this month. The mutual funds have to keep their quarterly NAV up, so they will continue to do maximum manipulation :rofl: to hold it. Further up some more and then sideways again till settlement.
Of course, after the NAV cutoff date is over, anything can happen. :rofl:
Well friends for now bear rally seems to be in consolidating mode, so if u were short earlier better book ur profits and dont go fresh short as of now....
Bears are trapped now just see the game from now on, market will take off from tomorrow will surely touch 5600 and above most would dare to touch the up move that is the magic play it again and again no one will ever understand this big dirty game!!
It is very crazy for about 5 months or so range bound this type of move always kills the short term traders 5242 going to be the level for immediate down side to watch out for i am short to day with stop at 5350. I think we have to learn to trade at some small range the meaning full break down will come when Nifty breaks 5180 till that we have have to deal with very pain full range bound move positional trading surely would have given some good profit.
mkts will go against someone's expectations and fulfill others. next move may surprise a different set of people. let's not think of this as our mutual fight against one another. each of us is trying to win the market behaviour.