Yesterday's budget trade shows that every body lost their hopes and nifty fell by 100 pts @ 2849. Stochastic turned to down very well. Markets came down from a very good level. Hence, we may fell that bullishness has failed and think for shorts. If every thing goes well we may continue our journey to down side in the major bear market.
Reverse view: If today's market is only in positive zone then the theory will be different.
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