Relief Rally - chance to escape

As mentioned in my last post on Saturday, Nifty had not only rushed but sprinted towards 3650. Even this kind of blood bath was not expected to be very honest.
Now the rally going on from morning can be a classical trap or an escape to freedom, depending upon your action. Unless Nifty sustains above 3680 for two days on closing basis, there is still more Red to come.
With global issues hovering around, no technical or fundamentals holds good. Stay away or strictly trade for intra day (if you are Die Hard trader), you never know what will happen tomorrow.
Please don’t convert your short term losses to long term investment. Buying near 52 weeks high in falling market for long term is a sure fire way of blowing your money for the sake of your love for Fundamentals. Fundamentals are dynamic and they do changes.