Good night

The market today closed at the lowest point of the day. It has
declined from the overbought position. Stockastics indicators are lead
indicators which most of the time predict the right move. According to
the said indicator , market will have a sharp downside up to sensex
8050.
As market did not go up to nifty 3100 and above, we still have to wait
for another strong upmove before entering the expected bull phase.

Let's wait for cues from US markets , which are most likely to close
in red as per Dow's stockastics.

We will meet at the market opening and decide what to short sell or buy.

Good night,

Jagruti.