Nifty :
Nifty closed at 6993.45. Wooo…! A huge
3.50% fall, as we have stated. We have mentioned that if it does not open gap
up, above 7295, the buying pattern is failed & we have to be ready to short
sell again, it did work, for both, old sellers & fresh sellers as well. Slowly,
we are approaching a stable platform. It might take some time but the base is
around. Sellers must keep a StopLoss of 100 odd points & hold the position.
Fresh buying / selling should be kept on hold for a day at least & wait for a good signal for Value Buying.
6700 – 6900 is a strong support zone for now. We feel that we have already
entered into a support zone. May be some pain left, so fresh position must be
avoided.
BankNifty :
BankNifty
closed at 14,020, hugely 4.30% down. As we have stated yesterday, it gave a
drastic fall & touched 13,956. Today BankNifty has broken 14,400 & fall
deepened. Yesterday we have stated about the fall of 500 / 1000 points &
today itself we have seen 500 points below 14,400. Still some pain is left but
we suggest not taking any fresh positions & rather waiting for a better
signal. Those who already have a short position can hold with a StopLoss of
14,400. We have completed a long journey down. Now book profit step by step
& wait & watch.
No comments:
Post a Comment