MARKET ELERT

NIFTY, has shown us a print below 16,000. So we almost are back to where we were in MARCH. This is not a zone to take aggressive shorts. This could well sets a case for a sharp, infact very sharp counter trend rally on upside. Which would end up as another bull trap! This market may or may not show us a print below MARCH lows. Frankly that’s not required for very short term. 14,400 is the bitter reality for NIFTY, which cannot be denied in any circumstances! The counter rally may take NIFTY above 17,250 on spot. Which wont change the bearish structure for entire market. People would feel that correction has been completed, but do not fall for that! This would just be another Trap which would frustrate you as an investor. Reed it very carefully! So if your view is for 3 to 4 weeks then look to secure majority of your profits. Doesn’t matter if MARCH lows are broken or not. The 1 way correction needs a counter action. Which should take place. Last time I avoided the counter rally, so bit more watchful this time!