As expected it started with unexpected hammering on one day with 150 points nifty.
Interestingly fii are using global weakness to get fair value for blue chips in India.They will short nifty and stock futures on every rise knowing Dow will be weak for next 4-6 weeks due to sub prime rate concern.
For fno trader nothing much to play for as there are gap downs and gap up.But best will be buy on dips so that as trader u can book in pullbacks.Nifty may touch 4150 in worst case but fresh bull run is halted till nifty closes above 4610 in close.
Its great market for stbt and btst in nf.Play the game.
