Market Update#1

FII Futures and Stocks data of last 2 days looks bearish. Option data is bearish to sideways. Would be surprised if nifty crosses 17750 by Thursday.

Don't be more than 50% invested at this point of time. US and European market are taking big hit. First time in the history, India is not following world market and is close to ALL time high, there is no data to know as to how this will shape up.

Levels to watch out for -

• You can be bullish if Nifty closes above 17750

• Super bullish if closes above 18000-18100

• Bearish if close below 17500

• Super bearish if close below 17200

A new beginning. Will try to provide you with updates regularly.