MARKETS FOR THURSDAY 22ND AUGUST

JUST CLOSE YOUR EYES & SHORT THE MARKETS, AS LEVELS ARE NO MORE IMPORTANT & THAT ONE MUST SHORT IS MORE IMPORTANT. LOOK FOR A GOD-SENT OPPORTUNITY LIKE WEDNESDAY WHEN NIFTY WAS  TAKEN UP ABOVE 5454 INTO THE TRAPPING ZONE TOWARDS 5500, BUT ALL THOSE WHO KNEW THE ART OF SHORTING MINTED MONEY.

A BEARISH ENGULFING HAS BEEN FORMED ON WEDNESDAY & ONE SHOULD NOT TAKE CHANCES WITH THE BEARISH ENGULFING CANDLES BY PLANNING LONG TILL SUCH TIME THE HIGH OF THE ENGULFING AT 5005 IS BREACHED. SO, SHORT & ONLY SHORT NOTHING ELSE IS REQUIRED & LEVELS ARE NOT IMPORTANT ALTHOUGH YOUNG & DYNAMIC TRADERS MAY LOOK FOR AN INTRADAY BOUNCE TO INITIATE SHORTS FOR GOOD GAINS

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