We heard about bailouts giving to company's This is the first time a COUNTRY is getting a bailout.The country is Greece.
Did you hear the warning signs of next bear market.Its not company, Country is getting a bailout.
We are making lower tops, previously 4825 acted as a support as i mentioned in previous posts.Please check previous posts.Not necessary for regular readers because they know it hoe my levels will work.
Lower tops 4950 and now 4825
Tomorrow we might open gap down.
The scary thing for bulls is today sell off happened with volumes.People are booking out their portfolios.
I am not scaring you just writing action which happened in market.Dont ask me how you know that others are booking their portfolios.
They may want to enter at lower levels say around 4450 some want to enter at 4200 .I want to enter around 3800 levels if i get i am lucky.
Looks like my report is looking bearish.Lets not go in to detail now.
Lets me write the levels for Thursday.
4753 May act as pivotal for day.
Downside watch out 4710 and 4690.Upside 4780 and 4800
Lets talk about bank nifty also.
Watch out 8330-8380 range to take out on upside.
Down side if we break out 8228 then pain will be more.
Disclosure: Holding short positions in nifty