we have got a bounce and it opened right at 9860 levels
we have not observed any price rejection so far
as mentioned in the comment below selling should be considered only we see price rejection and confirmation will come if nifty goes below 9830
This is the 3rd attempt at 50 day ema and we observe the magnitude of pullbacks from support level, getting weaker...
If we see price rejection on any jump towards 9840-9860 that could confirm continuation of down trend.
Nifty might signal bullishness above 9865 though...
Regards & best wishes
There will be minor corrections almost every month, but I don't see any major correction till nifty reaches 10800! Once it touches 10800, then we will see a major correction of around 2000 points downfall! But, for now I believe we are safe unless there is any major War related announcements! If their was no "missile launch" news today by North Korea, then we could have reached around 10000 today itself!
Lets hope for the best! Either way we can make money both ways ;) I am ready to short anytime!!
This just my view and i'm a layman
Cheers mate for getting it right on the money....!!!