Market update - Ye BULL hai ke maanta nahi ! ! !

Hi All,

As per yesterday's update, bears could not break,what looks like a rock solid bottom of 9580, and bulls came to rescue with a Hammer like bullish candle on Daily chart.

The Bias can even turn bullish only if Nifty surpassed 9630-40 levels with targets of all time high near 9700 levels and it can become bearish below the said level of 9580....

Advisable to trade with strict and tiny stop losses with proper money management

Cheers

Hrishi

Market update - As expected, Bears set to party harder ! ! !

Hi all,

As per the last post - Bearish Engulf (Read here), as expected Nifty could not sustain higher levels and broke the level of 9620.

Now the penultimate level of 9580 to be watched out for further move....

Below 9580 (looks like will break), bears can be in full control and Nifty can drift down to lower levels of 9530-9490-9400-9340.

Please note - Short or sell on rise view for markets only when markets sustain for a while below 9580...

Cheers

Hrishi