i have the necline in mind, vivek... those levels i mentioned are the stops for the intermediate UT...
anything can happen on monday - there might be a gap down even below these levels, and i would be stopped out at a level not desired by me...
or
a gap up can happen - in that case, there would be double bottom at 4200.
I had to respect that 4200, though, as I mentioned, this time I had very less reason & conviction to respect it.. I would really be very surprised if these levels are not tested on monday.... Now, at such low level of 2 month range (4200-4600), I did not feel like initiating a short position. KISSing level was over-looked by me.
dekhenge yaar, bhaaluon mein kitna dum hain...
)
(Also, if u see the EOD chart of spot, then from 1st week of June to 1st week of Aug, there was this apparent Inv H&S.. its neck broke around the 2nd week of Aug... but see its resulting move - hardly any rally & met its dead end at 100DMA)