50:50 Little sweet little sour!

Markets are hanging by thread so are the bulls, and weekend has potential to swing equation. We remained biased long because some of our internal breadth indicators are indicating, bullishness+ yen&dollar look toppish. As long as bank nifty holds closing above 10520, stay long and stay sweet.

Will post charts over weekend, on further analysis.

Warning : On whole sector basis sugar is showing sustained bullishness

Bank Nifty: Good Risk reward ratio to go long

Downward trend line whichBank Nifty broke out of is being retested...and this can be a low risk point to get on the long side.....i know CNBC's and talking head else where are spewing bearishness......remember a year and half back 99.99% (as a old time friend rightly pointed it out) of analyst community was super bullish on Infosys:)...Go figure...

Mid-Day Update: Be Careful

Bank Nifty is trading above our crucial BZone 10645 and its bullish. But I would be careful here because this can't be that easy?? can it be...i see -ve divergence on hourly, if this reverses from here it will set a bull trap...traps are fuel for further moves