As PER CHARTS.

Given below are two charts of our most popular indices BSE and NSE. As per charts better to be discplined and be on safe side by selling. This is the reason why I am bearish on STOCK Market as of now specially when it comes to following INDICES. Though i think we(India and Indians) will do better then others over long term and remain bullish over long term prospects. So leaving it upto you to take decision whether you want to "time the market" or be "long term"!!!

If you follow Technical Analysis follow Stop Loss on Both the sides.