Expiry.... The saviour!

That is the single word that is giving us relief. Last day's so called white candle was not enough to break the body of the previous two black candles, so near term bearish sentiment will remain. Infact as always Jaggu is late to work so has not updated his TRIN -- so that part remains missing in my analysis today.

US closed green -- Asia started green and that helps come what may. Next as mentioned above the expiry helps and final rollover figures are yet to be seen. But remain careful as the Nifty comes close to 5050 levels -- as an absolute --5100 may be possible and that is the time you dump your 5000 nifty calls (if you hold them and take puts). The reversal should be there thereafter on the downside.

The reasons for being midterm bearish --
Firstly, TRIX finally touched down the midway marker and facing down. For so many days it held but even with yesterday white candle it gave up. It leads! so trust it.

Secondly, we tag along the lower side of bollinger band, - MACD and RSI down showing weakness.

Only StochRSI has crossed the 20 marker and says to build some positions (long) that is not supported by any other indication.

So the bottomline? Trade like a bull till closing -- take light positions and do not rollover till you are convinced about the direction the market is taking. Like I have been posting left right and centre asking for advise -- I am long in BHEL and would like to know if anyone has tracked this stock and can give his/her opinion about its future.