FII data : bought in cash and sold in index and stocks futures continuously.

For 15-10-2010: Nifty below 6130 short (most possible trend) for a target 5960. For all longs stop loss is 6130. Short only below 6130 nifty.

Tata motors:  Trend is long and short only below 1183 target 1148.

Tata steel: Trend is long and short only below 644 target 619 and below.

As the market is falling from over bought zone of RSI it is expected a dangerous down swing targeting nifty 5960 except a bullish view for the sake of Coal India IPO.