Will there be support?
I really do not know how long this level will hold or will there be a bounce.
The index has seen the strongest sell off in the current bull run. Weekly color is Lev Sell for Nifty now, first time since Mar 09.
I have been bearish and the color was Nifty was Lev sell on daily charts. Check y'day morning post.
Whenever Index has broken the 200 DMA in a bull run, either it reverses in a day or two or it makes a new low about 2-4% and then stabilizes. Need to watch the action now.
Color of Major's now. A lot has changed since last time from 24 Jan. Post here.
I really do not know how long this level will hold or will there be a bounce.
The index has seen the strongest sell off in the current bull run. Weekly color is Lev Sell for Nifty now, first time since Mar 09.
I have been bearish and the color was Nifty was Lev sell on daily charts. Check y'day morning post.
Whenever Index has broken the 200 DMA in a bull run, either it reverses in a day or two or it makes a new low about 2-4% and then stabilizes. Need to watch the action now.
Color of Major's now. A lot has changed since last time from 24 Jan. Post here.
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