An expiry controlled by bears..What next?

This was the move that I was expecting for the past two days and that was the reason for my writing 'bears totally controlling the expiry and bearish view maintained' posts.

But I was expecting a severe move towards 4100 and a momentary touch of 4000 levels also and that did not happen though the overall pattern suggested bearishness. The fact that these levels were not breached, really questioned the very theory of bears controlling and I was expecting a close similar to that of the last expiry and in the end it was a clear 100 points down from that level.

What next is the big question now?

It is again in the wait and watch mode. Is this move just an expiry move or a genuine pull back needs to be ascertained before taking further positions.

In any case, I dont expect this market to go beyond 4450 in the short term and should retest 4000 levels soon. With this view, let us see how the market spans.

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Happy Trading
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