I hope the heading does not put you off or make you think this could be a long discussion post.
What I mean is that some of my recent posts emphasized that the markets are at support levels like Nifty at 5250-5200 band, Bank Nifty at 10K levels, BSE500/Nifty ratio also at double bottom with bearishness at extreme. We booked partial short at 5250 and 10200 but the markets are still down. Though it was good that the other half is still there. But the color was Lev Sell for all the timeframes and there was not even 1% bounce back which could indicate any strength.
What I mean is that our search for bottom or support is it a bias or based on some true foundation?
When we try to predict the market how often it sets in our mind and our eye searches for confirmation only.
The charts and studies starts telling the same story which is revolving in our heads.
These are few points to ponder would appreciate if someone shares his insights.
What I mean is that some of my recent posts emphasized that the markets are at support levels like Nifty at 5250-5200 band, Bank Nifty at 10K levels, BSE500/Nifty ratio also at double bottom with bearishness at extreme. We booked partial short at 5250 and 10200 but the markets are still down. Though it was good that the other half is still there. But the color was Lev Sell for all the timeframes and there was not even 1% bounce back which could indicate any strength.
What I mean is that our search for bottom or support is it a bias or based on some true foundation?
When we try to predict the market how often it sets in our mind and our eye searches for confirmation only.
The charts and studies starts telling the same story which is revolving in our heads.
These are few points to ponder would appreciate if someone shares his insights.
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