Hi friends,
I am writing to you after 13th July, for the first time. Below is still appearing that post which can say how true technical analysis can be if understood well !!
Sensex wiped off 100% rise which happened after 28th May 2010. It is standing at that same level and declining further. Little bounces will come as people will square off short positions. Those bounces can be used for intra day tradings. Today's intra day calls are SBI and LARSEN. Do not carry forward longs.
Long term market is yet bad. It will go to 15300, 14600 too. Let us see what happens. Bull run which had set in since March 09 till Nov 10 is just retraced 25% hence it can not be said that we are bearish but do not buy for investment yet. Keep trading and book profits.
Have a nice day,
More later,
Jagruti.
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