Where it is going ?

  • Market could stabilize at the 200 moving average point around 11750.
  • Breakouts are not working at this stage. Lot of volatile on individual stocks.
  • Longs and Shorts are not working.
  • Patience is key at this point.
  • Personally I like this pullback and it will provide good longs in future and can put more risk once it stabilize at the 200 day average.