POST MARKET 15-12-09

AT LAST,BULL'S ATTEMPT TO GEAR UP NIFTY TO TOP WAS GIVEN UP & THE EFFECTIVE TRENDLINE NEAR 5090 WAS BROKEN WITH SUBSTANTIAL VOLUME WHICH BROUGHT THE MARKET DOWN BLW 5050 MARK.SO WHERE CAN IT STOP ITS DOWN JOURNEY?LOOKS LIKE,4990 WHICH IS THE INTERMEDIATE PIVOTAL POINT,IF IT HOLDS THEN WE MAY SEE SOME OF THE RELAXATION,BUT HIGHLY UNLIKELY AS IF IT WILL BE BROKEN THEN LAST HOPE FOR BULL WILL BE 4938-30.I THINK THE RETRACEMENT THEORY MAY ALSO SUPPORT THAT FOR RANGE OF 4540-5181 BAND.LOOK TO BE A SOMEWHAT NERVY TIME FOR MARKET AS IT IS NOT CROSSING THE UPMARK & MOST OF THE TIME FELL BACK TO DOWN LEG.AS I ALREADY TOLD U THAT CORRCTION IS ALWAYS VERY GOOD FOR MARKET'S GOOD HEALTH AS IT MAY WASH SOME WEAKER SECTION OF THE MARKET.BE ADVANCE IN TREND,TREND WILL FOLLOW YOU.ACCUMULATE SOME BITTEN PARTY & HOLD AS IT WILL PAY YOUAT SOME POINT OF TIME.