i would let the gap at 4832---one fibonacci resistant at 4842..one imprtant high at 4894 are crucial levels.
we must let nifty close above these levels,for a real strong up move.
also this should happen within 3-4 days only,,if not..we are in danger of a another big crash.
traders are buying on HOPE now,,as they were selling in the same HOPE ,when the markets were going up,,,all must try and understand that..any rally upto 4950..will be a corrective one and only to sell..with an sl of a close above 4955.
it was a huge rally from october-08 and march-09 lows...its a huge correction on the downside unfolding slowly.
in 2008 it was usa,,this time around its europe.so take care in longs,,especially overnight longs.
for investors its simply time to stay in cash.
even highly volatile stocks like jsw steel is developing a top h&s pattern so,,unless 4950 is taken out...no overnight longs
it was a huge rally from october-08 and march-09 lows...its a huge correction on the downside unfolding slowly.
in 2008 it was usa,,this time around its europe.so take care in longs,,especially overnight longs.
for investors its simply time to stay in cash.
even highly volatile stocks like jsw steel is developing a top h&s pattern so,,unless 4950 is taken out...no overnight longs
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