The medium term trend line at 2760 on NIFTY has been breached on intraday basis and the SENSEX has been closing just below that trend deciding mark at 9050. This is just like a cliffhanger kind of an ending of the episode of some TV soap. But the market is not reacting violently to the negative cues from around the world. At the same time they don't have any cue to move up either. The sweet talking and occasional bailouts by the governments are creating smokescreens before a dark tunnel. The range is getting narrower and narrower.
Long term investors should start accumulating well researched stocks in staggered manner on decline. But also keep room for about 20 to 25% probable decline from current levels.