10.9.09

nifty ,what next

today nifty gave good gap up opening as global markets were positive ,the fight is intensifying now ,everybody is playing a wait and watch game.everybody is watching each others move and waiting to play their turn ,as i earlier said it looks like the rosy picture will be created and then they will smash it very hardly. techinically there are resistances and supports but these all are made to be broken .what i look for is mentality of traders.if the market wants to go up it will go down first and viceversa .the market always checks patience and moves in the opposite direction.i feel nifty should go up before a big fall

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