I can't believe at what I am seeing on the screen. Really---- I can't seem to understand this.
As my daily routine, I track daily rupee volume or positive and negative stocks. Today I see highest negative rupee volume since Jan 27,2010. That shows major funds are unloading big time in this market. We must see follow up tomorrow to confirm the weakness in this market. I certainly think that tomorrow will be down day. If it becomes a major down day than NIFTY may break all immediate support and market can loose all this years gain soon.
This is the time traders must start changing their hats (not all the way) to little bearish side and start looking for shorting trades as they will have higher chances to success.
Market may push back up tomorrow in shock but if it doesn't have strength then bull market in trouble
I will be looking for a good shorting opportunity.
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