I see 2 pathways for Nifty.....But for both 21200-21800 will be the key deciding zone....Based on what our honorable FM said....this level will be the deciding factor of the shock absorbing capabilities of the retail investor.....But whether she is aware of it or not, the govt has been messing with the suspension system of the retail investor.....by bringing in STT and LTCG....maybe when there is complete massacre in the Indian market then the govt might decide to do something big.....We can blame FIIs all we want, but they are not our mother or father and will not look out for our best interests...They will continue to sell and invest elsewhere either because of cheaper valuations or better returns without the tax terrorism in India...In either case, I'm bearish till 21800 and then there will be a rally.....whether that will be a relief rally or reversal rally, that is yet to be seen...In the meantime, I'm buying stocks that have corrected significantly with multiple sell orders as targets....All the best to your shock absorbers fellow traders....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.