First time I am seeing FII s are net sellers at this level of Index. 9367 is perfect reversal for the low 7938 from where all this up run was started. Nifty need to cross 9370-74.
Trade active
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So far moving as expected
Trade active
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Nifty may make decisive move tomorrow due to banknifty weekly expiry or on friday. FIIs are continuing to be net sellers. #Banknifty already entered into sell mode.
Good analysis. Actually we are waiting to initiate long positions above 9367. It is a perfect level where bulls can take over the ride again till 9550 -9600.
krish2052
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@Asnv.santosh, Does it justify fundamentals? I am not dreamer about panic bubble it actually makes investors get away from market; say 2008?
asnv.santosh
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@krish2052, definitely not. This run is not based on fundamentals are good, but assuming to be good in future. Sure the time will suggest for correction and again will recover. What happens after major crashes like 2008? Investors who was with the market without fear of panic selling awarded better till now, if they are with quality companies. Let's run with the direction of market. Hope I am at your point.
srikarbabu
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@Asnv.santosh, Yes sir. I am riding the long position in NF from December and squared yesterday. People say don't look for top / bottom, but its good looking for top / bottom after considerable run if you maintain strict SL and strong conviction to hold the position when you are correct. I am holding short position now and yes will reverse trade once NF moves above 9367.