8 reasons the selloff could get much worse ::

As if investors don’t have enough to worry about with the fiscal cliff, scary technical indicators are coming out of the closet.
Adam Sarhan, founder and chief executive officer of New York-based Sarhan Capital, said that over the past eight weeks, U.S. stock markets undercut their 50-day moving average lines, which marked support for most of the summer, and are now serving as resistance to any gains.
“And now the major averages are testing their 200-day moving average lines which are currently serving as support,” he said. A couple of major indexes broke those support levels on Wednesday, and that could open up the way for more selling, he warned.
Moving averages offer average closing prices for a stock or index over a defined period of days, helping traders identify trends.

Among the 200-day moving averages to watch:
12,991 for the Dow Jones Industrial Average which was broken Wednesday.
1,380 for the S&P 500 SPX, which is still holding.
2,982 and for the Nasdaq Composite NDAQ, also broken Wednesday. Sarhan said a key question for now is whether the current pullback — so far a relatively mild one — gets worse and enters correction territory, typically defined by a decline of more than 10% from a recent high.
He identifies dangers for the market that could trigger more selling:
Continuing technical deterioration for heavy-hitting stocks like Apple Inc. AAPL
-0.04% , which he said broke its 200-DMA last week ;
A European debt-crisis flare up;
Signs of U.S. economy or global economic slowdown;
A new Chinese government that isn’t so friendly to the U.S.
And last but not least, the U.S. going over the fiscal cliff.
“Bottom line: Investors want to know what catalyst (s) will help the market rally from here,” Sarhan said.

Hi HAM, Pls reply to my query. Hold Axis bank 1350 CE and HDFC 800 and 820 CE?

Hi kiran, not really sure as of now

Hi komsid, Good afternoon. nice to hear that

Hi ravii, yes.

Hi Akash, Hello sir. Hope u r doing fine... Axis and HDFC are excellent scripts for long term, buy in any possible dip. It may move another 5% in coming days and are in strong bull-trend. Buy in dips.

Hi PRADEEP, Dish tv is good for short-term period, keep SL of 72
Keep 270/266 for bharti in cash. avoid if breaks..

Hi Rameshb, Sorry yaar, I can't recommend the calls henceforth to anyone as many were mis-understanding me for my helping nature. I will just give tips and u decide wht to do based on them. For now am expecting 5640/5600/5550 again.

Hi CB , holding nifty 5800CE @54. can i hold or exit now

Hi Naren, would advice to exit if trades below 5700 for few min

CB sir.... can nifty touch 5800 by this diwali ?

Hi CB,
Just wanted to understand the reason behine Nifty trading above 5700... any strong positive factor which is holding Nifty as of now?