Also the FIIs have run out of steam and DIIs are selling relentlessly for the past 2 months. Only positive news I see is the earnings and quite a lot of stocks are yet to hit 52 weeks high and have underperformed the Nifty. If dow doesnt close positive and closes more than 0.6% down I am out of the market for the short term.
Overall Still bullish as we usually have a one massive down day in a week since the rally began at the end of Feb you can see this happens once for sure.
Today after seeing many candles in Bottom Band that too ,near
the boundary ,I shorted the market.As far as the strategy is
concerned there are chances for Shorting tomorrow also.But I
respect the market more than my strategy.
Today after seeing many candles in Bottom Band that too ,near
the boundary ,I shorted the market.As far as the strategy is
concerned there are chances for Shorting tomorrow also.But I
respect the market more than my strategy.
I think if u shorted the market u did it little earlier !!! wait for 1-2 session before going into short trade !!! i think lot of steam is still left in nifty and correct picture can be drawn after 1-2 trading session !!!
Sorry for my bad english !!! i Prefer national language !!!