We have already told you two days back that global markets were showing topping out pattern and signs of crack and we also stated that Oil and commodity will remain under pressure. Well, now time has come to go short on Tata Steel, DLF, HDIL, Sterlite, Jsw Steel, Axis bank . Remember we have had a 80 % rally from the lows of March 2009 . These rally are not even witnessed in secular bull market within such a short span of time. And we are still not into a bull market yet.
As we have posted on our blog that market has already trapped the longs and its heavy on long side. The unwinding of long positions will give you enough fuel to remain short. Now instead of buy on dip its time to short on rallies.How soon sentiment changes ?? Well, thats what market is all about. Do not take anything for granted . There is no easy money to be made .
Tuesday, September 1, 2009
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