Trade Plan : Nifty/SBI AHEAD :

NIFTY :  We are rising and in style , so now that means  new Nifty highs in coming time ?
                Oh sir I got you then , you were among those who were confident of world end last year.

If you ask me ,
Sooner the later we are going to take out last year lows .

I remember Mr. Suri , who used to call it Nifty cannot rally without banking participating.
Now when I am talking about SBI  , that gives a enough hint for Nifty that golden days are not                                 near , at least not in 2013. We have already seen a daily channel breakage validation with heavy fall and mega volumes in a single day , the recent pull back is currently taking place with half of those volumes .

SBI : May not be immediately , but I see it as Highly Bearish for coming time.

Will not waste time in speaking when charts says it all.
As usual , I am using "Multiple Time frame" analysis to build a strategy.

And it makes it so smooth when we descend from higher time frames to lower time frames and observe what is happening.

Lets SCAN SBI from Monthly to Weekly to Daily
Monthly Charts : Bearish
Weekly Charts : Bearish
Daily Charts : To be Bearish very soon.

NIFTY /SBI : I feel they are going to waste time in very range bound sessions for few days
before taking any direction. Its better to wait more for daily charts  Nifty/Sbi to give confirmation before making any entry attempt in desperation.

Did the recent pullbacks has made you Bull Minded ? You are worried to short ?
"A balloon is burst only if it is well inflated "
If prices don't pull back and gain a respectful levels again , how can the carnage be defined.

And I am surprised by your hypocrisy ,
When bull markets are there  , you say it any fall is healthy for markets.
Where are you now ?
I say now , any Pullback is healthy for BEARS

SS
Happy Maha Shivratri : Bum Bum Bholey !