This satyam saga has come out with new sort of trading mentality among traders...
They buy in bulk at 80/90 on the very next day they are ready to averge at 50% lower than that understanding nothing that what happens to them if another 50% down in coming days...
Out of this one must realise that "If you know and loss the money is acceptable but if you dont know and loss lots of money is never acceptable for trading in any market"
For us market has definetely broken the trend but packed a support at 2780 which was marked at out previous post, now so again shorting should initiat only below this level and now market news has been positive looking at some development with SATYAM... which may give some +ve sign tomorrwo to satyam, personally thinks it should be used as an exist opertunity than buying new shares...tomorrwo RELIANCE AND SBIN needs to support market to take nifty again above 3000...
If any one has BTST on friday trade if market permits first exist from that....
DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY
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