longer term view of the nifty from 21st dec 08 onwards and advice to positional short....

looking after the momentum of the mkt till date today,, it may fall little on monday 22nd dec 08(3010--2970 spot level) ..........important level to watch now are 2920 on lower side .......and 3121 spot on higher side..............on coming days .............CASE (1) if market doesnot break the spot level 2920 on lower side and closed above 2920 spot level till dec 08 expiry,,,,then be alerte and exit all the short position (nifty futures and 2900 put both ) near 2840-2860 spot level in jan 2009...........wait for nifty to come down in the range of spot level 2840-2860 to exit all short in jan 2009 ..............HERE GENERATES FRESH POSITIONAL CALL------positional trader can buy nifty when it slides down in jan 09 in the range of 2840-2860 with 2830 as stoploss .....tgt1--(3175) and tgt-2--- (3590-3600) for longer term............ NOW CASE (2) if nifty breaks the spot level 2920 and closed below that till expiry of dec 08 .........then hold all the shorts and puts for tgt 2570--2250.....longer term view..................... always keep in mind that market always act against the traders mentality.......so w8 till expiry to get the trend of the market..........