Nothing seems to be working for the markets -bailout or assurances or Obama effect!
Markets want to trend lower in search of their intrinsic value but the governments want the process delayed by printing more money. Who gains and who loses is not a big guess.

Technically, Sensex and Nifty could complete an evening star formation on their charts today by trending lower. It would be a bearish signal and we could be headed much lower in the days ahead. The front runner stocks are also portraying a similar picture.

Trade according to the stocksweekly levels.