reflection

it is difficult to make money in the markets because we confuse analysis as being synonymous with trade.

review of wrong analysis

i had been bullish on indian index (and bank index) with targets of 18000 +.before that i had a bearish view all along expecting 15300 in the least.so the markets played a trick and set up the perfect trap for all technical traders who like me saw higher levels expecting that the low may be in in direct conflict with earlier analysis and not paying heed to long term technicals and getting carried away placing opinion on markets( like low may be in)

in the markets , mistakes and analysis like this is usually very expensive and one learns the hard way.but thats the only way to learn i guess.

so though i am mindful of the fact that markets have been going down inspite of global bad news which is a rare thing to happen.maybe it is warning us that things will be a little bad ahead and to brace for the same.

so i am sticking to a little more bearish view as highlighted in prior posts with targets of 900 on spx, 1.29 on eurodollar,13852-14286 on indian sensex.the stop losses for such a trade is 1292 on spx and 17703 on sensex.

markets update

to make structural sense actually, in the present context:

---spx should fall to 900-860 zone!

---euro dollar should be at least less than 1.29,

---indian sensex should be less than 14300-13852

this is ofcourse based on the fact, that current fall is part of the ongoing correction since 2008(and not that a new bull market started since the lows of 666).

these values are almost like blasphemy to most traders.so lets see how next 6 months pan out.

bank nifty

possible bank nifty targets are 11065 and 11435