For those who received my mail on monday you would have known that something is not right and have stayed out of the market then. On monday when the index gapped up and tested the resistance 3240 it pulled back all the way which is a sign of weakness. After that the support at 3120 didn't hold up which is bad and now we might see a test of 3060 in the near term and if it still doesn't hold then 2982 at this point loading up good shares would be good.
The recent fall would have spooked many thinking that a new year rally would be coming or even a budget rally sometimes its good to look back to the charts and see if it confirms that view. Let the market tell you where its going and not try to predict where it should go.
I am personally stuck in some position due to greed hoping that it'll go against the trend and i have been proven wrong, i was in the black and now am in the red for some. We all make mistakes so lets learn along the way and don't be greedy =)