Our Resistance level of 10480 played its part. Mentioned it on a consistent basis that this Mutual Funds drive is not that good for the market. Hence, here we are on the verge of another big possible fall.
Also we can see in the chart that the channel is somewhat broken and also the OI Analysis of yesterday shows a lot of CALL writing and unwinding of PUTs.
Investors who entered late better hope for the support of either 10235 or 10125 to work out or else we're talking about a BIG DUMP back to the 9Ks, you know.
For now, the strategy is to sell below yesterdays low of 10340 for risk averse traders and sell on rallies for the rest of the traders.
Also check the last idea about the Resistance of 10480.
Also we can see in the chart that the channel is somewhat broken and also the OI Analysis of yesterday shows a lot of CALL writing and unwinding of PUTs.
Investors who entered late better hope for the support of either 10235 or 10125 to work out or else we're talking about a BIG DUMP back to the 9Ks, you know.
For now, the strategy is to sell below yesterdays low of 10340 for risk averse traders and sell on rallies for the rest of the traders.
Also check the last idea about the Resistance of 10480.
