Still expect 4750 or so

Still expect markets to go to 4750 or so... however if we cross 5000 straightaway, then mebbe we will not go to 4750 for now.

A word on the ANNA Movement :

Its the eighth day of Annas fast. Honestly, I do not understand why our government cannot introduce Jan Lok Pal in the Parliament.TEAM ANNA HAS ALWAYS SAID THAT THE PARLIAMENT IS SUPREME AND THEY ONLY WANT THAT THE BILL BE INTRODUCED IN THE PARLIAMENT AND BE DISCUSSED.Its NOT ' My way or the Highway' as things are made out to be.

Also, as of today I believe that anything happening to Anna would create a situation which would be out of anyones control across the country.Is the Goverment not willing to listen to the people of this country??? DO you think if you or I or anyone else would sit on a fast Lakhs of people across this country would support??If they are supporting... can the government not read the will of the people???

May good sense prevail.

A pause shud come next week

I expect the mkts to make a temporary bottom at around 4750/4700 next week.Thereafter expect the markets to be rangebound between 4700 to 5230 for 7-15 days before falling again.I do not expect the gap between 5230-5330 to be filled mostly.This is based on the premise that we are in a huge C wave down..which started in Nov 2010.In case we are not,and the alternate abc-x-abc is happening, things might pan out differently.Lets see what happens.

Upside possibilties negated.

We have gone below both, 5196 and 5177 intraday, so 99% the possibilty of an expanding traingle or any upside above 5740 is negated.The trend clearly remains down and so 4800/4300 should come soon.