Attempting to Break Upside..!

Sensex end positive, Small caps end negative. On one side Bulls Speculators trying to exploit liquidity factor which has been provided by US, UK and other countries in mid march. Traders are exiting @ every rise, and Bears are waiting to build Short. Today once again most of Technical indicators are showing mix signs. Market is preparing itself for wide swing; it will be painful and depressing if you are caught on wrong side. 3414 will be level to watch, if got breach and day close below it with high volume then, surely Bears will gain strength. Currently Bulls are in charge, so tomorrow once again they will try to over come 3500 mark, or probably higher. Frankly I will not trade in this market; rather I will build Derivative position with down side biased, with Medium term horizon, Or if you are long then hold on with strict stop loss.