*Hi friends, * ***This is a moving avg chart and as it shows in the Chart it took cross over in high close and low above Avg as it has done in the past few occasions, and about to cross the 10 dma resistance now which was a major res: in the bear rally. In the candle chart we hv res: near 3050 and 3200.Another major resistance at the falling TL near 3334. * *This pull back can take us to the max is that level. Do not mistaken this rally as an impulse move, since we have to go a long way. One thing if we reach 3334 level it will be another opportunity to go short. * *Earlier I use to mention this as "exit level", but now there is no point in exiting at near bottom of market, albeit we have to go a long way but be neurotic long for at least for another five years to see a new peak. Let the consolidation take place. Let the market bottom out. Patiently wait for the market to cool after the retest of the bottoms. And then look for happy news to pour in from all economic statistics world around. * *I feel thing are changed a lot about timing now, since the communication is so hasty and the deals are so hassle free. Only thing the money flow should be there. See the preceding impulse in five years it reached to 6357, where as in the past it was so gloomy. So from where the money can flow in. From home we again need time to generate money. * *Our forex is less by $16 bn. By time we remain weak the FIIs will come back with a supplementary gain they can make in the currency trade is expected, to loot again.* <http://farm4.static.flickr.com/3015/2990568704_905136d187_o.jpg> <http://farm4.static.flickr.com/3229/2990568696_5d50d88177_o.jpg> <http://farm4.static.flickr.com/3173/2989710987_8f01068a4b_o.jpg> [image: logo2] padiyara <http://padiyaraa.blogspot.com/>
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