bear phase re-started???

31-8-2009 trading shows that the Shanghai pressures were felt and nifty closed at 4662-70 points.

• FII sold in cash, sold in stock futures but bought in index futures.
  
• F&O nifty futures added further 11 lakhs (continuous addition above 4600 may be to down side), options writings at 4600 puts and 4700 calls.
  
• US markets are weak, Global markets today are at flat and Shanghai too just changing colours at flat.
• Technical indicators turned downwards just now but we have to check them with volume buildup for one or two days.
• SGX nifty is in green as of now.
  

Over all view: As earlier felt the bullish buildup was not seen today also. Means one can confirm that the operators are not interested/able to rise markets from this levels. May be due to the international markets pressures our markets are not able to go up for ever. All the markets are to enter in fresh downward trend (First in this is SHANGHAI)(stop loss is nifty 4750 and sensex 16000 with volumes). If this will be true one can trade some thing (may be nifty futures one lot) to downside for a target of NIFTY 1700-1800 within six months. Carry over shorts for six months to achieve this target. But with some intermediate rises.

DO NOT believe the Green on the screen from now onwards. OR read our markets with international markets.