Market Update for 9th May

TWO DAYS BACK NIFTY HAS BROKEN THE IMPORTANT 
LEVEL OF 5135  AND IT SHOULD CLOSE ABOVE 5150 IN 48 HOURS 
BUT NIFTY FAILED DO THIS YESTERDAY SO ONE CAN SEE THE PANIC
IN THE MARKET NOW EXTENDED WAVE OF CORRECTION WILL BE
OVER AROUND 4890 .

FIRST ATTACK BY BULLS TO CROSS...5K NF...BUT BEARS FIGHT AT 4999 NF...NOW DOWN TO 4990 NF...AS WORLD MARKETS ASIA IS WEAK...RUPPE/ DOLLAR MAKING NEW HIGHS..SO BEARS HAVE ADVANTAGE TO FIGHT TODAY AND EARLY MORNING BEARS HAVE SHORTED MORE THAN 3 LAC NIFTY 5000 CALLS IN JUST 30 MINS..SO FULL PRESSURE BEING BUILD ON BULLS....WATCH....HERE REMEMBER UNLESS BULLS CROSS OUR HURDLE OF 5020 NF...NO BIG RELIEF FOR BULLS