THE MOMENT NIFTY BREACHED 5377 BLOOD BATH RESUMED & EVEN THE BULLS CONVERTED THEMSELVES AS BEARS TO SHORT THE MARKETS. A FALL AND CLOSE BELOW LAST WEEKS LOW OF 5254 LOOKS TO BE A CERTAINTY AND NIFTY IS ALL SET TO TEST SUB 5000 LEVELS BEFORE THE DEVASTATING MONTH OF AUGUST ENDS. TRADERS MAY DO WELL TO LOOK FOR AN INTRADAY RISE TO ADD TO THEIR SHORT POSITIONS AND PUTS OF SEPTEMBER. EVERY RISE MAY BE USED TO RUTHLESSLY SHORT FUTURES AND BUY PUTS. FOR FUTURE TRADERS INITIAL SUPPORT IS AROUND 5262 TO 5252. IN CASE THIS ZONE IS BREACHED BY CLOSER OF A 30 MINUTE CANDLE OR MOST PROBABLY A GAP DOWN THEN NIFTY FUTURE MAY SLIDE TOWARDS 5200 OR LOWER LEVELS. SO FAR AS RESISTANCE OR HIGHER SIDE IS CONCERNED IT IS NOT AT ALL WORTH KNOWING ANYTHING ABOUT THE HIGHER SIDE TILL THE EXPIRY DAY. DUMP EQUITY ON MINOR RISE & ACCUMULATE COMMODITY ON DECLINES.
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