Monday, December 14, 2009

A FALSE break-out

The expected break-out happened ,the other day,,even new high was made...but by 1 point only!!!!!!!!!!!..very very tricky markets.

the more the drag in between 5100-5180..the more severe correction on the down side should come.
latest by tomorrow,,,if nifty is not able to breach 5190 on the upside..the side ways move in so many stocks...which generally looks like,,consolidation...will infact prove to be DISTRIBUTION.

STOCKS like rel infra,,r-cap,reliance,,icici,,axis can suffer most, if now nifty breaches 5081--5049.

No comments: