Nifty : Winter is Coming or just a fog ?
Updated
Winter is Coming ?? So Bears are to stay and rule here ? Or Is it just a Fog ??
We will find out based on what Nifty does at 8480's-8500's. We had steep fall in Nifty almost channeling on the way down after breaking out of the raising wedge ( Check previous posts on Nifty, you will find it). We have pocketed around 100points in the fall, previously in that post it was mentioned that " Buy on Rumour , Sell on News " Exactly it happened now. Till GST discussion(rumours)
Nifty raised up like anything and on the day of passing in Rajya shaba fell down by 1% approx. So the smart money is booking profits here and taking money out, they will wait till market reaches 8500's. If Market is reversing from 8500's its definitely Institutional and Mutual funds coming with huge buys in Nifty,I believe.
Instead,"a very strong if "...If 8500's support broken, Winter is coming for sure & Bears will Rule...so join the Bear force,"Winter is coming ??? " Let's wait n watch...
For specific Indian stock analysis & instant updates kindly follow on (Indian version of Tradingview) : in.tradingview.com/u/InsiderB/
We will find out based on what Nifty does at 8480's-8500's. We had steep fall in Nifty almost channeling on the way down after breaking out of the raising wedge ( Check previous posts on Nifty, you will find it). We have pocketed around 100points in the fall, previously in that post it was mentioned that " Buy on Rumour , Sell on News " Exactly it happened now. Till GST discussion(rumours)
Nifty raised up like anything and on the day of passing in Rajya shaba fell down by 1% approx. So the smart money is booking profits here and taking money out, they will wait till market reaches 8500's. If Market is reversing from 8500's its definitely Institutional and Mutual funds coming with huge buys in Nifty,I believe.
Instead,"a very strong if "...If 8500's support broken, Winter is coming for sure & Bears will Rule...so join the Bear force,"Winter is coming ??? " Let's wait n watch...
For specific Indian stock analysis & instant updates kindly follow on (Indian version of Tradingview) : in.tradingview.com/u/InsiderB/
Note
This is definitely profit booking by sharks, thats why Nifty opened gap up and coming down heavily
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