what is xxxx? (cont...)

' We had used xxxx in two of our old posts.
2596 ? ? ? ? ? ? ? ?'

As per long term charts, Nifty was showing a major support at this point. In other words we can say that this is the point where the fast rally upto 6350 started. So technically we were expecting that 2596 will be the bottom of this bear phase. On Friday, the market slipped below this level and tried to close above this point, but Unfortunately the market closed at 2584. Even today the market moved downwards till 2253 and started recovering now.

Some promoters had started the game of short selling to get profits and now the market had became very week technically. If this game ends by short covering (on or before F&O expiry) and market goes & close above 2596, we can have a market which will move upwards as per technicals where every small trader can earn decent profits and investor can have some hope.

On the other hand if the above said doesn't happen then the same point will become strong resistance and the market movement will be between 2000 and 2600 for time being. But here too traders can earn decent profits but what about investor ???