JC, I can't address your concerns over the FII, as I know nothing about that, and I am 100% TA.
As far as global concerns go, everyone has them. Just look at DJIA, as it is near an all-time high. US's economy is a mess. Unemployment had skyrocketed, etc, etc. You would think the DJIA would have been moving in the opposite direction, which is why I pay no attention to the FA's.
After saying all that, I do have a good handle on the TA's, so let me show you around my world a little bit. Go back to post# 7044. You will notice a red DOWN TL. hat was drawn off the weekly. A clean break of a TL requires a correction, and that is what has started as of Wednesday. The correction should hit at least 5337, as that was the point of the TL break. Any dip lower should be contained at 5255 which is the current level of the TL. After this correction is finished, then we should see a fresh new peak made.
considering the FII actions over the past few dys along wid da global scenario nd some o technicals.. believe the bull run tht ppl r thinking isnt a bull run but a preparation o sharp fall may be below 5100.. hence not countin on this bull run. ne suggestions seniors??