China, Greece and UK

We are now at a ery important juncture...China appears to be a bubble with so much of China growth dependant on housing and govt stimulus...China has corrected significantly in the last 6 months and like 2008 it might prove to be the predecessor of a crash in india

Greece has been bailed out..But the problem is if the govt cuts spending, its revenues are also going to be cut as there is lots of black money there...

If Greece defaults, most banks will be in a BIG problem and also neighbouring Euro countries...

UK is in high risk of a sovereign default....that will be BIG news..

Overall the trend is in favour of the bears now...Till we cross 5300+ on the nifty it is safe to exit longs and look at going short...