Market able to recover from 200 DMA with some support from DII as expected and taken up above 4250 with help of nifty operators .
This effort seems more pre planned than looks like as there was no triggers for such sharp recovery and importantly without FII buying.
This in turn seem to have helped intentionally or unintentionally to HNI who were stuck at higher rate with sudden sell off from FII.
The large caps are seeing systematic selling at certain level indicating false bull run.
Its important to stay alert and sell at high as market may see vertical slide now trapping investors this time.
One can short at every rise now keeping all time high as stop loss for 20% correction in short term.
If one is safe trader stay away from market for next two months.
Fresh longs only above 4550 in futures close for three successive days.
Thursday, September 6, 2007
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