ooops! I Did It Again

Truth will sooner come out of error than from confusion. 
Francis Bacon



As decided, I traded ekc in the first hour. I might be the first person who sold ekc shares and  though hourly charts clearly showed that it was the right time to go short still its the perfect example how sentiments changes technicals and fundamentals. See what happened to EKC this morning.
So no hesitation to say that the trade failed.

Check out the movement in first hour and both indicator clearly showes the bullish start of the stock.

Quick Bucks

Chains of habit are too light to be felt until they are too heavy to be broken.
Warren Buffett

Though the index afftects the stocks in broader term but as far as shorter swings are concerned, no matter where market moves, every stock has its own movement.  Like where Nifty is expected to have a gap-up opening tomorrow, EKC seems not to get free from beers' clutches. Have a look

well, I recommend to short EKC at opening at current level that could be covered at 95. So Rs. 5 in an hour an hour is not a bad deal. Its 5% man. Whewwwwwwwwwwww!

Is It The Bottomline

"A man who is at the top is a man who has the habit of getting to the bottom."

Joseph E. Rogers

Long live Beers, chants are on as procession of bad news causing the bourses' descent.Banking had been a stong sector since recession which led many short term rallies and a downward correction wasnt possible without a week banking. Thanks to housing scam, rather media which hyped the whole story. Panic is apparant and rampant selling is seen across all sectors.

Nify made intraday low of 5728 which is an important 61.8 fibo level. So will it take a halt or reversal.No, not yet. why? Hey, have a look at stoch and MACD, the difference between the two lines are still widening. So no respite for Nifty. Lets expect it to touch 76.4 level. Beears, its party time.