Turnover tops

Break down point which will kill the Bulls is

The third highest turnover ever for our indian markets has been recorded on 29/07/09. When ever this kind of strange things happen, then our market may find a terrible new direction (one way movement). But this is not technical. Then yesterday the strength of our markets was tested once again, which has resulted about almost 4% fall.

Technically we have entered in Bear zone. Today if opens gap down then after a small recovery market will trend to go down only. So short on raise, by keeping a broader stop loss @ 4717.

Levels for the day :

4414 - 4438 - 4462 - 4488 - 4404 - 4524 - 4558.