THE FINAL CALL®™ - Sept 24, 2009

Fed holds interest rates.  The Dow stages a sell off at close.  The Dow has been moving classically in line with the Nifty since last Friday.  The Dow needs to move firmly above 10800 for a sustained bull market to commence in the US.  This rally is clearly a bear market rally as of now.

However, Indian markets are clearly in a bull market rally.

Asian markets have opened on a weak note with only the Nikkei 225 bucking the trend.
SGX Nifty trading lower.

The net buy in the cash market was offset by the huge net sell off in the Index and Stock Futures Derivative side particularly towards the close.  The entire exercise suggests institutions adjusting their hedges.

The settlement is likely to close between 4900 and 5000 today without any significant trend setting moves.

We are holding shorts in the Nifty Futures Oct series.  Hold until advised.
No positions in Equity Futures until advised.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 9:25 AM

Hold Nifty shorts.
Buy Reliance Equity Futures at current price 2078.  A buy signal has emerged on Reliance since yesterday close, confirmed today.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 10:16 AM

Cover Nifty Future shorts.
Hold Reliance Equity Future longs.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 11:15 AM

Go short again in Nifty Futures.
Hold Reliance Equity Future longs.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 12:18 PM

Shanghai and Dow Futures recover.
Nifty Futures shoots up in the last half hour of trade after a lackluster morning session.
Reliance Futures tests supports and moves up.
All the above makes a good recipe for an exciting day tomorrow and the weeks ahead.
Hold Nifty Futures Oct short.
Hold Reliance Futures Oct long.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 3:20 PM

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