WHAT'S HAPPENING IN DALAL STREET ? EOD REPORT SEP 15

AFTER SUCCESSFUL VOLUME BREAKOUT ON MONDAY NIFTY NOT EVEN GIVING BEARS TO ENTER IN THE SCENE.
KINDLY READ THE REASON FOR PAST 3 DAYS RALLY

MONDAY : IIP DATA IS GOOD !!!???
TUESDAY : REFRESHING NEWS FROM GLOBAL SIDE & GLOBAL MARKET SUPPORT !!!???
WEDNESDAY: DECLINED INFLATION FROM 9.8% TO 8.5 % !?!?!?

ON MY VIEW ALL 3 REASONS ARE FAKE BUT "SOMEONE" NEED REASONS TO BUY..

NOW WHAT IS ACTUALLY GOING ON? NOTHING BUT FII BUYING.THEY BOUGHT NEARLY 67k CRORES YTD.WHILE DII REMAIN NET SELLERS OF 17 K CRORES YTD.

NOW WHAT TO DO SHORT OR LONG ?!!
VERY RISKY TO TAKE LONG IN 32 MONTH HIGH SO BETTER AVOID EVEN IF U GET HUGE PROFIT THAT IS NOT PROPER WAY TO TRADE
NOW ALREADY LOT OF PEOPLE TRAPPED BY GOING SHORT @ 5600-5700 LEVEL THEY HAVE TO WAIT AS THERE IS NO WAY CUT POSITION IN LOSS.
FRESH SHORTS CAN BEEN DONE ONLY IF NIFTY CLOSES IN RED .

TECHNICAL CHART(6 MONTH):
STRONG SUPPORT @ 5801 & 5760 BELOW THIS LEVEL ONE CAN THINK NIFTY IS LOSSING GROUND.
STRONG RESISTANCE: 5888 BREAKING THIS LEVEL MIGHT TAKE NIFTY FOR MORE HIGH AS FII READY TO TAKE TO ALL TIME HIGH.

REGARDS,
PEARL KUMAR
SEP 15