Breach of " Laxman Rekha" of 4950

We had a stop loss of Index Level of 4950 for all short term long trades. This stop was breached and we exited at minimum damage. But the ferocity of Bears was very sharp and brutal. The way some of the large caps were hammered is a testimony of things to come.


Corrections do take place in up trending markets but this is very sharp. Markets have so far not shown any sign of strength .

Meanwhile, its interesting to read about what Roubini has to tell about markets.

http://www.cnbc.com/id/35078010