well its a first trading day of a new month the US debt crisis seems to have resolved itself over the weekend and the mrket as expected opened with a gap up.
the nifty is up 60 ppoints and sensex 200 points
but as they say amatures open the market and veterans close it so lets see wlhether the euphorai still sustains itself over the day .
my view is that it will not ,the rbi poicy has changed things for the worse and it will be very difficult for the market to susutain itself even on short rallies.
but then the mrket has been down for some days so some buying emerging at this level cannot be ruled out
but i will still maintain my view that its sell on rise market .
so lets see
if market sustains todays gap up you can expect it to build some momentum and try to cross 5600
but if this rally falters or any negative cues from the globe or locally emerge you can expect downsides
but i always maintain that you should take the path of least resistance and that path seems to be remain short on the market
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