Bearish opening with bearish mood is expected today . Global cues are bearish so better not to face the storm and move in the direction of wave or sit idle at home.Entire world economy is trading below 1 % to 2 %and our markets closed above 1 % thus the gap created is -2 +1 = 3 % ...so how the gap will fill either we must join them or they must join us ...old saying is move with herd... no one can stand against tsunami for longer period.
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Many friends are not able to understand my concept.. coz i am not asking them to buy above and sell below as per the present tradition ...so my answer for them is think zara hat ke...come out from old pattern of 19th century, we are in 21st century so since how long we will or you will follow the same old principles...Every day I am proving that my concept is practical and workable ..you just have to see where is the current market price ...and story finish ..
levels below the CMP in the hold of Bulls and they will care for it till their last breath and levels above CMP in the control of Bears ...and they are there to protect that particular level ...
Now you can imagine easily if forces are there to save the level.... is it simple or easy to penetrate it? Obviously the answer will be No ...
so How the level will break now ...?
to break upper level say roof / resistance/Bear grip what will be needed ....buying pressure with volumes ..which will be generated by good news ..
and for breaking the lower level /support /Bull grip.... need is only of bad news, due to that all lower levels will break rapidly .... will create panic in bulls , bear will start celebrating their victory ... benefited by bad news
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